Eurogroup calls on Greece to complete reforms for new loans

BRUSSELS, Jan. 22 (Xinhua) -- Eurozone finance ministers on Monday called on Greece to complete all reform measures in order to get the next tranche of loans.

"The Eurogroup welcomes the implementation of almost all of the agreed prior actions for the third review," a statement of the Eurogroup meeting said.

However, it calls on the Greek authorities to "complete the outstanding prior actions as a matter of urgency".

"Following the full implementation of the prior actions and subject to the completion of national procedures, the (European Stability Mechanism) ESM governing bodies are expected to ... approve the disbursement of the fourth tranche," the statement said.

The new loans worth 6.7 billion euros (8.2 billion U.S. dollars) would be disbursed to Greece in two disbursements, one in February with 5.7 billion euros to cover debt servicing needs and the other disbursement many be approved in Spring. Enditem