European Stability Mechanism (ESM) board member Rolf Strauch warned on Friday that the fund will only pay loan installments to Greece when reforms are met.

In an interview with “Die Presse”, Strauch reminded that the Greek state has already implemented several reforms before negotiations for the program even began. “However, the government in Athens needs to implement further reforms during the three-year program period. In October, the first such review will take place,” he said,

He specifically mentioned pension reform, citing the need for a “permanent and uniform system” and the abolition of what he called “anachronistic privileges”. He also called for less red-tape and efficiency by the state sector vis-à-vis the business sector in the recession-plagued country.

Finally, Strauch dismissed a concern that the re-elected Tsipras government will attempt to renegotiate the third memorandum, predicting that “reform-minded forces” now dominate the Greek parliament.