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Eurogroup Welcomes Greece Taking All Necessary Measures to Get New Tranche

© Flickr / Truus, Bob & Jan too!Greece bailout
Greece bailout - Sputnik International
The Council of Eurozone Finance Ministers welcomed the Greek government-adopted reform package to improve national economy, European Commission Vice-President Valdis Dombrovskis said Monday.

BRUSSELS, May 9 (Sputnik) – Earlier in the day, Greek lawmakers voted in a controversial reform bill that cuts future pension payments, increases value-added tax, and introduces internet, television, coffee and e-cigarette taxes.

​According to Dombrovskis, work on the allocation of a new financial tranche for Greece, including an agreement on the so-called contingency mechanism, which stipulates measures to be implemented in case of Athens failing to meet the EU requirements, will be finalized “in coming days.” 

​Eurozone finance ministers gathered in the Belgian capital earlier on Monday for a new round of talks on the Greek debt relief, hours after the Greek parliament passed a batch of further austerity measures. The pension and tax reforms are demanded by Athens’ lenders to unlock the next tranche of 86 billion euros ($97.9 billion at the current exchange rates) of bailout agreed in July 2015.

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