Germany says Greece must flesh out reforms to unlock aid

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Reuters
Last Updated : Mar 31 2015 | 12:06 AM IST
Greece's biggest creditor Germany said on Monday that the euro zone would give Athens no further financial aid until it has a more detailed list of reforms and some are enacted into law, adding to scepticism over plans presented last week.

A senior official in Brussels on Sunday had dismissed the list as "ideas" rather than a plan that Greece could submit to EU and IMF lenders to avoid running out of cash next month.

Euro zone states are still waiting for Greece to send a more comprehensive list, a German finance ministry spokesman said.

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Chancellor Angela Merkel said Athens had a certain degree of flexibility on which reforms to implement but that they must "add up" to the satisfaction of European partners.

"The question is can and will Greece fulfil the expectations that we all have," she said during a visit to Helsinki.

"There can be variation as far as which measures a government opts for but in the end the overall framework must add up."


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First Published: Mar 31 2015 | 12:03 AM IST

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