Greece approves reforms in return for loans, debt relief – THE BUSINESS TIMES

[ATHENS] 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.

Euro zone finance ministers meet in Luxembourg on June 15 to discuss Greece’s reform progress and measures to reduce its debt, which stands at about 180 per cent of GDP after seven years of crisis.

“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 commitments,” Labour Minister Effie Achtsioglou told lawmakers before the vote.

The legislation passed afte…

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