ECB expects Greek action on bad loans, pensions, income tax

February 15, 2016 4:48 PM

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FRANKFURT Greece needs to tackle the high stock of bad loans at its banks, and make changes to its pension system and income tax if it is to pass the first review of its latest bailout, the president of the European Central Bank said on Monday.

The ECB, along with the European Commission and the International Monetary Fund, is part of a trio of institutions responsible for Greece's rescue program.

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