Eurogroup officially announced the approval of Greek reforms, which will initiate national procedures. Now, to Athens start getting money, reforms still need the green light from various European parliaments, including Germany.
The 18 partner countries of Greece in the Eurozone will already have approved the package of measures presented in the Monday, February 23, for Athens to get some extent, for four months of the loans.
 
The news was advanced firsthand by European Commission Vice-President Valdis Dombrovskis one hour after the conference of the Ministers of Finance of the euro began. “After the Eurogroup decision the national procedures” for the approval of the extension of aid to Greece “can begin,” he said via Twitter.
 
“The list of reforms in Greece was considered broad enough to for a solid starting point for the successful completion of the review [of the adjustment program],” says the charge.

The news was also confirmed by the finance minister of Slovakia. “The agreement of the eurozone with Greece reached on Friday remains se- The Greeks have a heavy work to do by the end of April. We all want to see the numbers now,” wrote Peter Kazimir Twitter.
 
Meanwhile, the Euro Group officially announced the decision. “We agreed as well move on to the national procedures in order to reach a final decision on the extent to four months of the current” Master Financial Assistance Facility Agreement “,” can be read in a statement, referring to the loan of the Eurozone countries by European Financial Stability Facility (EFSF).
 
Despite the approval, those responsible for public accounts of the euro consider that Athens still has more work to do. “We call on the Greek authorities to develop and expand the list of reforms, based on the current agreement, in close coordination with the institutions to allow a speedy conclusion and successful” program “.
 
The approval came after the troika, composed of the European Commission, International Monetary Fund (IMF) and European Central Bank (ECB) k, have evaluated and approved the Greek list of required reforms for the country. The existing European adjustment program ended at the end of this month.
 
The agreement was welcomed by European Commissioner for the single currency, Pierre Moscovici. “After today’s agreement of the Eurogroup, we must continue to work together to help Greece to continue and thrive within the Eurozone.”
 
The decision of the finance ministers of the eurozone will trigger national procedures. That is, several European countries need the approval of its parliament in order to ratify the decision. Germany, and the Netherlands and Estonia, is one of these countries. The Bundestag will discuss the vote the Greek reforms on Friday.
 
Angela Merkel’s government will already have given the go-ahead to the program and sent a recommendation for approval to the German parliament, today advances the German press. “The federal government supports the proposed extension, taking into account the agreement reached in the Eurogroup and the commitments made by Greece”, have written Wolfgang Schäuble in the letter to the Bundestag.
 
Also the Government of Finland, one of the greatest defenders in the euro, along with Germany budgetary rigor, has given its approval to the agreement. Finland is the other member states whose parliament needs to approve the agreement.

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