Greek reforms praised by ECB’s Draghi

The president of the European Central Bank has given Greece a pat on the back for the economic reforms it has made so far, but Mario Draghi said there was still a lot more to do for Greece to pay off its enormous sovereign debt.

The European Commission, the IMF and the ECB form the so-called troika of lenders spearheading the Greek rescue.

Draghi told the European Parliament Committee: “On the Greece situation, it’s quite clear that the progress at the level of undertaking the necessary policy reform has been perceptible and significant and it’s also clear that more needs to be done. We see progress, we see a need for further work. Now we wait for the troika report in order to assess how the situation stands.”

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