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European officials urge Athens to speed up 15 prior-actions

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Staff Writer | August 31, 2016
The eurozone deputy finance ministers known as the EuroWorking Group have reportedly pointed to delays in the implementation of the 15 "prior-actions" which will allow the release of the remaining sub-tranche of 2.8 billion euros.
Greece   The need for speed
Moreover, the European Commissioner Pierre Moscovici also emphasized the need for the speedy implementation of the prior-actions during his meeting with Finance and Economy Ministers Euclid Tsakalotos and Yiorgos Stathakis in Brussels on Monday.

Press reports, citing sources in Athens, said that the three men agreed to set-up a “red phone line” for direct communication between Athens and Brussels, while they also discussed the need to specify the debt restructuring measures before the end of the year.