A step in the right direction for Greece after weeks of uncertainty

After weeks of uncertainty for Greece’s future in the Eurozone, following the latest meeting yesterday, Greece with the support of the IMF have unveiled the widely anticipated outline summary of reforms demanded by Eurozone leaders in order to secure a bailout extension.

A step in the right direction for Greece after weeks of uncertainty

After weeks of uncertainty for Greece’s future in the Eurozone, following the latest meeting yesterday, with the support of the IMF have unveiled the widely anticipated outline summary of reforms demanded by Eurozone leaders in order to secure a bailout extension.

Greece needed to present its plans as a condition for extending its bailout programme for an additional four months, in a deal involving the Eurozone partners last week.

“As per the European Commission’s requirements, this list is satisfactorily comprehensive to be a valid starting point for a successful conclusion of the review, we are particularly encouraged by the strong commitment to combat tax evasion and corruption” stated a spokesperson from the IMF.

The EC released a statement from their official Twitter account to announce that the list of Greek reform measures had been received on time. Germany, the biggest contributor to Greece’s two bailouts totalling €240 billion, insisted that any additional spending on Athens’s list of reforms had to be compensated by savings or higher taxes.

The list is yet to be approved by international creditors to secure a four month loan extension, however after previously delaying the presentations of the reforms by 24 hours, this has come as a welcomed relief for those concerned about Greece’s future in the EU.


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