ECONOMY

Brussels to examine all prior actions

The European Commission hailed on Thursday the ratification of a multi-bill of reforms by Parliament, but said it will examine the new laws first and then decide on the disbursement of the next bailout tranche over the next few days.

Spokesman Simon O’Connor told reporters in Brussels that “we welcome the vote in the Greek parliament on the omnibus bill which is designed to implement a number of the prior actions which have been agreed.” He added that in order for all conditions for the next tranche to be met, the Greek government will need to proceed to further legislative and administrative reforms, without specifying.

The Euro Working Group of eurozone finance ministers will hold a conference call on Wednesday to decide on the disbursement of 2.5 billion euros to Athens.