Greece is "way behind" its bailout program goals due to the standstill in consolidation and basic structural reforms, Bundesbank Executive Board member Andreas Dombret said Thursday.
"Politicians and the EU are willing to assist Greece, but Greece must, first and foremost, help itself" he said in a speech at the reception of the Bundesbank Representative Office.
Announcing and passing laws is not enough if the administration and the general public undermine them, Dombret said. "It is now the task of the Troika to decide impartially whether Greece meets the conditions for further assistance."
The remarks came a day after the Eurozone finance ministers called on the Greek authorities to solve "remaining issues" so as to swiftly finalize the negotiations with the Troika regarding the release of the next bailout tranche worth EUR 31.5 billion.
Meanwhile, Greece's Finance Minister Yannis Stournaras said Thursday that he hoped Parliament will back the new austerity measures, which will be put to vote on November 7.
The Eurogroup meeting on November 12 is expected to take a decision on the disbursement of the next aid tranche.
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