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Greece anticipated to push by means of remaining reforms on Tue-euro zone

BRUSSELS Greece has accomplished far more than half of the reforms agreed with euro zone creditors to get the subsequent, 1 billion-euro tranche of bailout loans and is to legislate the remaining methods on Tuesday, a senior euro zone official mentioned on Sunday.

Euro zone creditors have produced the payout of the next tranche of loans to Athens conditional on Greece adopting a set of 13 reforms and progress was discussed at a meeting of euro zone deputy finance ministers on Friday.

The reforms contain privatization as nicely as tax and structural measures, financial-sector and bad-loan reforms and changes to public administration.

“Seven out of the 13 are completed now,” said the official, who is familiar with the discussions of the deputy ministers on Friday but who spoke on situation of anonymity.

“All the rest and every thing else related is due to be adopted in the Greek parliament on Tuesday night. A compliance report by the institutions representing the creditors is to stick to on Wednesday,” the official mentioned.

After the report, euro zone deputy finance ministers, who also type the board of the euro zone bailout fund, are to hold a teleconferences at the end of the week to give a green light for the disbursement of the tranche, the official stated.

(Reporting By Jan Strupczewski Editing by Jonathan Oatis)