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Greek parliament approves reform bill


Greek parliament approves reform bill


The Greek parliament has approved reforms needed to unlock two billion euros of bailout aid. However several measures still have to be agreed with creditors.

The new law includes a tax increase on diesel used by farmers, reforms the pensions system, and forces compliance on EU energy efficiency rules.

But not all of the reforms were included as required by the third Greek bailout agreement for government to obtain additional funds.

Politically difficult measures such as introducing stricter criteria for mortgage protection are still under debate.

This week the European Commission warned that more might need to be done before the money would be released.

Eurozone finance ministers are to meet on Monday to decide whether to sign off on the first 2 billion euros in loan money from the €86 billion bailout programme.

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