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EU Tells New Prime Minister that Greece has 'No Time to Lose' on Reforms

shinas20150413The European Commission on Monday congratulated Alexis Tsipras on his electoral victory and said Greece has “no time to lose” in implementing the reforms required by its bailout program.
“The commission congratulates Alexis Tsipras for his victory,” European Commission spokesman Margaritis Schinas told reporters.
Schinas said that under Tsipras’ previous leadership, Greece already “committed to an ambitious program of reforms” to revive the country’s economy with the Greek prime minister signing a bailout deal in July.
“The new government will now have the mandate to carry out those reforms… There is a lot of work ahead and no time to lose,” Schinas stated.
The EC spokesman said Greece’s creditors – the EU, the European Central Bank, the European Stability Mechanism and the International Monetary Fund – are expected to conduct a review in the next few months aimed at releasing new funds under the bailout deal.
The commission also welcomed the “ample representation of pro-European parties” in parliament that are committed to a strong Greece within the 19-country Eurozone, Schinas said.
He added that Commission President Jean-Claude Juncker has already written to Tsipras and will talk to him later in the day over the telephone.
Tsipras has a busy schedule ahead as he is expected to meet with Juncker in Brussels on Wednesday for an EU summit on the refugee crisis.
 

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