Eurozone presses Greece on reforms as recession forecast to drag on

[WorldNews]

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Eurozone finance ministers on Monday urged Athens to swiftly implement the tough reforms at heart of its huge bailout as new forecasts showed Greece's economy stuck in recession well into 2016. Meeting in Luxembourg for the first time since Tsipras was reelected in snap elections on September 20, eurozone finance chiefs agreed on a list of reforms to be swiftly implemented by Athens in order to unlock a slice of its huge 86-billion-euro ($96-billion) EU bailout. The finalising of the list came as Athens unveiled a draft budget which showed a recovery only kicking in in the third quarter of 2016.

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