Greece Approves More Reforms

As reported by Reuters news agency, Greece’s parliament approved on Friday reforms demanded by the country’s international lenders to conclude a long-stalled review of its bailout progress and qualify for more loans needed to repay debt maturing in July. On June 15th Euro zone finance ministers will meet in Luxembourg to discuss Greece’s reform progress and measures to reduce its debt. Labor Minister Effie Achtsioglou told lawmakers before the vote, “It’s clear that Greece has fulfilled its promises and met its obligations. It has already done more than it was supposed to … and it’s now the lenders and our partners’ turn to meet their commitment.” After 7 years of crisis, Greece’s debt stands at 180 percent of their GDP.

Reuters report found here.


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