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BERLIN  – German Chancellor Angela Merkel said on Friday the disbursement of Greece’s next aid tranche will only happen when the institutions conclude their review on the country’s reform programme.

Speaking during a press conference after the end of the second day of the EU summit meeting in Brussels, Merkel also said she does not expect to receive the list of Greece’s reforms by Prime Minister Alexis Tsipras on their meeting on Monday, as the list must be presented to the institutions.

She said her meeting with Tsipras will focus on bilateral help which has been offered to the government, such as cooperation on the sector of health and whether Greece wants to continue it.
“This is a bilateral meeting like those he [Tsipras] has held in other European capitals. It’s not the place to submit any lists with reform proposals. The proposals, as I said, have to be submitted to the institutions and not to Germany,” Merkel said.
Concerning what was decided at the mini-meeting in Brussels on Thursday, Merkel reiterated that it is nothing more than a reaffirmation of the February 20 Eurogroup agreement and referred journalists to the document from December 10, 2014 (fifth review), where it is stated which reforms have been implemented and which are pending.
“The Greek government will submit a full list of reforms of its own responsibility, but within the framework of the February 20 agreement which refers to the last review of the second [bailout] programme,” she noted.
The German Chancellor also explained the Greek government may replace some reforms which appear to be pending with others, as long as the produce the same fiscal result.
“This will have to be confirmed by the institutions and then they will submit it to the Eurogroup,” she said adding.
Merkel also noted that as part of the February 20 deal, Greece is committed – with some limitations for 2015 – to achieve the necessary primary surpluses which relate to the Eurogroup announcement of November 2012.


Source: The National Herald
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