Home Business Greece bailout: Government sends reform list to creditors

Greece bailout: Government sends reform list to creditors


The Greek government has submitted a list of reform proposals to its bailout creditors, the European Commission announces.

The list was received “on time”, a spokesman tweeted.

The measures include combating tax evasion and tackling fuel and tobacco smuggling.

PM Alexis Tsipras is trying to balance satisfying the demands of creditors with meeting his pre-election pledges, say correspondents.Greece bailout reforms 2015

Greece needs approval from international creditors to secure a four-month loan extension.

“In the Commission’s view, this list is sufficiently comprehensive to be a valid starting point for a successful conclusion of the review,” a source close to the European Commission told Reuters news agency.

Drafts of the list will have been seen by European officials in Brussels as they were being drawn up over the weekend, but aspects of the plan that require new social spending may well be sticking points with creditors.

Ending home repossessions and providing free medical care and electricity for those who cannot pay may become bones of contention – while the eurozone may insist pension cuts and VAT rises should continue.

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Clyde is a business graduate interested in writing about latest news in politics and business. He enjoys writing and is about to publish his first book. He’s a pet lover and likes to spend time with family. When the time allows he likes to go fishing waiting for the muse to come.