Greece debt deal: Government to present reforms

Greece’s list of reforms must be approved before eurozone members ratify a bailout extension on Tuesday

Greece is preparing to present a list of reforms to lenders in order to secure a bailout extension.

Under Friday’s deal, the list must be approved by international creditors to secure the four-month loan extension.

Analysts say a collapse of the deal would revive fears of a Greek exit from the euro.

Minister of state Nikos Pappas has said the list will include measures to tackle tax evasion and streamline the civil service.

He told Greece’s Mega Channel on Sunday that reforms would take the Greek economy “out of sedation”.

Germany’s Bild daily newspaper, citing sources close to the Greek government, reports that Greece aims to recover 7.3bn euros with measures to combat tax evasion.

German Foreign Minister Frank-Walter Steinmeier told Bild that the extension agreement reached on Friday with European finance ministers had given the region “some breathing space, nothing more”.

“Now it’s up to Athens,” he added.

Greece’s list of reforms must be approved before eurozone members ratify a bailout extension on Tuesday.

‘Long road ahead’

Greek Finance Minister Yanis Varoufakis has said that “the agreement is dead” if the list of reforms are not agreed.

The BBC’s Mark Lowen in Athens says that although the Greek government may suggest reforms to tackle tax evasion, re-employ sacked civil servants and increase social spending, in reality it will be forced to adhere to many of the austerity demands of the original bailout.

BBC