Date
19 October 2017
A pedestrian walks a dog along a street graffiti in Athens. The left-wing government has vowed to  fight tax evasion as well as tackle fuel and tobacco smuggling, among other reform proposals. Photo: Bloomberg
A pedestrian walks a dog along a street graffiti in Athens. The left-wing government has vowed to fight tax evasion as well as tackle fuel and tobacco smuggling, among other reform proposals. Photo: Bloomberg

Greece unveils summary of reforms for bailout extension

Greece has unveiled a summary of measures it plans to take to secure a bailout extension. The list includes plans to fight tax evasion as well as tackle fuel and tobacco smuggling.

Officials said they were releasing the summary before formally submitting it to guard against leaks to the press, according to BBC News.

The list must be approved by international creditors on Tuesday for the debt-wracked nation to obtain a four-month loan extension.

Greece had previously delayed presenting the reforms by 24 hours after initially agreeing to deliver its proposals to creditors on Monday.

The summary released on Monday evening contains measures that had been widely anticipated. It included proposals to trim the civil service and combat corruption.

It also contains a commitment to address what the ruling party Syriza has called the country’s “humanitarian crisis”. Syriza has vowed to spend nearly 60 million euros (US$68 million) on free electricity for the poor and more than 750 million euros on meal subsidies.

Greece’s creditors — the European Central Bank, the European Commission and the International Monetary Fund — are expected to deliver their verdict on the proposals later on Tuesday, before the reforms are discussed in a conference call with eurozone finance ministers, the BBC said.

The four-month extension deal is widely regarded as a major climb-down for Prime Minister Alexis Tsipras, who won power in January vowing to reverse budget cuts, the report said.

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CG

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