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 –<\/p>\n Source: BBC<\/p>\n \n","protected":false},"excerpt":{"rendered":" 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 […]<\/p>\n","protected":false},"author":24,"featured_media":93920,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[38,14],"yoast_head":"\n\n