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> Economy

More reforms for cash says European Commission

No more needed says Greece according to EU-19 agreement

Newsroom July 27 07:34

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The Greek government and the European Commission appear to be in disagreement after Mina Andreeva, spokesperson of European Commission President, Jean-Claude Juncker said on Monday the Commission expects more reforms by the Greek government in order for a loan tranche to be released by through the ESM. She stressed the rate of reforms will restore a breached trust between Greece and the Commission, ascertaining that steady progress has been achieved. Andreeva said that the heads of the institutions are already in Athens.  Government sources in Athens made it clear that according to the EU-19 Summit agreement on July 12, no further prior actions were needed for the tranche to be released.

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