Greece warned to step up pace of reform

Brussels - Eurozone finance ministers urged Greece on Monday to act faster and more decisively on reforms, warning that no bailout funds will flow to the cash-strapped country until it starts implementing new measures.

Athens and its creditors have made halting progress on the bailout under the new government of leftist Prime Minister Alexis Tsipras, fuelling concerns that Greece could run out of money and have to leave the eurozone.

The currency bloc's finance ministers agreed two weeks ago to prolong the European portion of the Greek rescue package until the end of June, but want to see new reforms hashed out before Athens can access €7.2bn in remaining aid.