As Greece races to stave off bankruptcy, its creditors want Athens to pass laws on reforms as "prior actions" to convince the international lenders of the government's intent.
There will be one vote on whether to authorize the government to use the text as a basis for talks, the source said. The prior actions would then have to be approved again by a final vote in parliament at a later point.
"This is a move to show that the government has the political will to proceed with implementing the promised reforms but without making any unilateral move before a Eurogroup meeting," the source said. REUTERS
todayonline.com
9/8/15
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The Greek government has submitted economic reform proposals to try to secure a further bailout from its creditors, eurozone officials say...
ReplyDeleteThey say they received the plan late on Thursday - just two hours before a midnight deadline. They will now study it ahead of EU meetings at the weekend.
The measures include tax rises, pension reforms, privatisation and spending cuts, Greek media say.
Greece needs a third bailout to avoid a default and a possible euro exit.
'No capitulation'
Jeroen Dijsselbloem, the head of the 19-member eurozone group of finance ministers, confirmed that he had received the Greek proposals.....BBC
Creditors to mull new Greek reform plan to avert economic collapse...
ReplyDeleteGreek Prime Minister Alexis Tsipras proposed a set of reforms to European creditors on Thursday in an effort to secure a new bailout package and prevent the country’s exit from the eurozone.
Eurogroup president Jeroen Dijsselbloem received the new Greek proposals on Thursday as expected, his spokeman told reporters on Thursday evening.
Creditors and European Union leaders of the 28-member bloc – who are scheduled to meet at a full summit on Sunday – will scrutinize the measures over the weekend.
A Greek exit from the monetary union, the so-called “Grexit”, could still be on the cards if the reforms don’t satisfy European leaders.
Greece made a request this week for a three-year loan from Europe's bailout fund and has pledged to "immediately implement" tax and pension-related measures.
Greek banks, which have been closed since June 29, 2015, will continue to be shuttered until Monday, July 13. However, the European Central Bank has continued to provide emergency funds to the Greek banking sector to prevent its collapse.
france24.com