EU Commission agrees to Greek reform proposals
EU approval means eurogroup finance ministers likely to announce approval in conference Tuesday

The European Commission has approved the Greek government’s proposals for economic reform, a move which means the bailout extension plan will continue, EU officials said Tuesday.

Approval must now come from the eurogroup finance ministers, who are to give a telephone conference on Tuesday. If the eurogroup ministers approve, the bailout extension will still have to be approved by several national parliaments, including that of Greece.

But observers noted that the process seems to be on track.

"I think the Greek government is very serious, and it's a first step," said Jeroen Dijsselbloem, head of the eurogroup, and widely credited as the architect of the accord.

If approval is obtained by all parties, Athens will have until April to fill in the details on reform implementation, and then final approval will be requested

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Last Modified: 2015-02-24 11:01:47
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