"The nations that adopt front-loaded reforms should buy more time to meet their budget target, Dutch finance minister Jeroen Dijsselbloem, who is also the chairman of the Eurogroup, said.
"There is room for flexibility," Dijsselbloem said. "Discussions on how to make fiscal rules more flexible are going on."
Irish Finance Minister
Further, euro area finance ministers noted that reducing the tax wedge on labor is one of the structural reforms that can make the economies more competitive.
Euro area countries have a joint interest in raising employment and stressed the need for tax wedge reductions to be financed through cuts in less productive expenditures or through revenue-neutral tax shifts.
At the press conference, Dijsselbloem said
The Greek authorities reassured that the part of the fourth review will be completed by early August. The technical team of troika is set to visit
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