The European Commission warned yesterday that the next
tranche of the aid payment for Greece could be delayed. It informed
German lawmakers that the reforms required from Athens by international
lenders might not be carried out on time.
The Bundestag was notified that Greece had fulfilled 17 of
the 22 measures demanded by the Troika in exchange for rescue funds. The
progress in implementing the remaining five will be examined today
during a conference call between the Euro Working Group of Eurozone
finance ministry officials. According to a person close to the talks,
even if the bailout payment is delayed, there shouldn't be any other
“serious” problems with it, as fulfilling five measures consists of
“mainly procedural steps”.
The German parliament as well as the IMF are due to analyze
the Troika's latest review of the Greek bailout program on July 29. If
the result of the examination is positive, Greece should receive the
next tranche of aid by October.
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