The European Union's top economy official expressed concern Thursday that Greece is veering off its economic reform path, as eurozone finance ministers met to discuss Athens ‘efforts, dpa reported.
"I am concerned about the slowing-down of the process of reforms in Greece," Olli Rehn said ahead of the talks in Luxembourg. "It’s important that Greece will be able to come back to the path of serious economic reforms." Athens was tasked with reaching six milestones in May - followed by a further six in June - which would each trigger the release of 1billion euros (1.36 billion dollars) from its 240-billion-eurointernational bailout.
They broadly cover reforms to the tax, labor and healthcare systems; changes to the transport sector; social security reforms; and an opening up of closed professions.
But Greece's creditors are "still waiting for the completion of the milestones planned for the end of May," an EU official said this week, speaking on condition of anonymity.