Greece meets important conditions to unlock aid

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Greek lawmakers have approved a series of long-delayed reforms demanded by international creditors, taking the country a step closer to securing its next multi-billion euro aid installment.

Greek lawmakers have approved a series of long-delayed reforms demanded by international creditors, taking the country a step closer to securing its next multi-billion euro aid installment.

Greece meets important conditions to unlock aid - ảnh 1


Eurozone countries and the International Monetary Fund insisted Greece approve the steps before handing over its next slice of rescue funding worth 9.2 billion euros from its second bailout, this one for $173 billion. The law, approved by a majority in the country’s 300-seat Parliament, gives the Finance Ministry tighter control of the state’s purse strings and restructures assets slated for privatization, among other measures. The vote came after Greek lawmakers passed a slew of bills last week meeting further funding conditions ranging from tax reforms to the shutting down of state bodies and putting punishing new tax hikes on workers and businesses.

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