{"id":93748,"date":"2015-02-23T06:00:39","date_gmt":"2015-02-23T06:00:39","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=93748"},"modified":"2015-02-24T14:28:22","modified_gmt":"2015-02-24T14:28:22","slug":"greece-debt-deal-government-to-present-reforms","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/?p=93748","title":{"rendered":"Greece debt deal: Government to present reforms"},"content":{"rendered":"

Greece is preparing to present a list of reforms to lenders in order to secure a bailout extension.<\/p>\n

Under Friday’s deal, the list must be approved by international creditors to secure the four-month loan extension.<\/p>\n

Analysts say a collapse of the deal would revive fears of a Greek exit from the euro.<\/p>\n

Minister of state Nikos Pappas has said the list will include measures to tackle tax evasion and streamline the civil service.<\/p>\n

He told Greece’s Mega Channel on Sunday that reforms would take the Greek economy “out of sedation”.<\/p>\n

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.<\/p>\n

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”.<\/p>\n

“Now it’s up to Athens,” he added.<\/p>\n

Greece’s list of reforms must be approved before eurozone members ratify a bailout extension on Tuesday.<\/p>\n

‘Long road ahead’
\nGreek Finance Minister Yanis Varoufakis has said that “the agreement is dead” if the list of reforms are not agreed.<\/p>\n

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.<\/p>\n

On Friday, German Finance Minister Wolfgang Schaeuble stressed that there would be no payment of new funds to Greece until the conditions of the deal had been met.<\/p>\n

The four-month extension deal is widely regarded as a major climb down for Prime Minister Alexis Tspiras, who won power vowing to reverse budget cuts.<\/p>\n

On Saturday Greek Mr Tspiras said in a televised address that his government had “won a battle, not the war”.<\/p>\n

He called the deal an “important negotiating success” but warned that there was a “long and difficult road ahead”.<\/p>\n

Greek economy in numbers<\/strong><\/p>\n