The Greek government is racing to complete a list of reforms demanded by
its international lenders before they unlock a payment from the
country’s 173-billion-euro ($228.1 billion) financial rescue package.
Euro zone finance ministers agreed earlier this month to unlock 4
billion euros in financing due to the Greek government — provided Athens
moved to trim government payrolls and adopt other measures demanded by
its creditors by July 19. Further payments are supposed to come from the
International Monetary Fund in August and then from Greece’s euro-zone
partners again in October.
In his letter to the Bundestag, Deputy Finance Minister Steffen Kampeter
cited the commission as saying Greece has completed 17 of 22 measures
required, but the commission has not yet been able to inspect five
remaining actions.
Kampeter said the commission would update the German government on the
situation on Wednesday. There was no comment from the European
Commission.
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