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Empresas y finanzas

EU says Greece reforms are broadly on track


    BRUSSELS (Reuters) - Greece's fiscal and structural reforms, intended to pull it out of recession and end a sovereign debt crisis, are on track despite some shortcomings, the European Commission said.

    In a report from its June mission to Greece, the European Union's executive said Athens was making good progress on fiscal consolidation and macro-economic developments were in line with the reform programme, despite higher inflation.

    "Whilst this overall assessment is positive, with programme implementation being broadly on track, the interim review identified a number of pressure points and areas were further progress is needed," said the Commission's report, made available on its website.

    (Reporting by Marcin Grajewski, editing by Timothy Heritage)