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Greece reform list received in Brussels: European source

Greece has submitted the list of economic reforms demanded by its creditors to extend the country`s bailout programme by four months, a European source said Monday.



Brussels: Greece has submitted the list of economic reforms demanded by its creditors to extend the country`s bailout programme by four months, a European source said Monday.

"The list has been received," said the source close to the matter without giving any details..

However, the European Commission said no final list has yet been put forward as talks are continuing.

"We have not received any list from the Greek authorities. As you know the deadline is by the end of Monday," spokeswoman Mina Andreeva said.

"Of course there are talks happening. We are in contact with the Greek authorities.

"I think it is normal that documents are circulating but any official transmission of the list ... should happen by the end of the day and we are expecting it by the end of the day," Andreeva said.

Officials are due to review the list of Greek reforms Monday and then onpass their findings to all 19 eurozone finance ministers for a decision Tuesday.

If judged acceptable, Greece and its creditors -- the European Union, the European Central Bank and the International Monetary Fund -- will then thrash out the exact terms for the four-month loan extension.

After last-chance talks on Friday, eurozone finance ministers gave the new left-wing Greek government until Monday to come up with reforms to the programme which expires Saturday.

Germany had opposed any change, insisting that Greece stick with the hugely unpopular austerity measures contained in two bailouts worth some 240 billion euros.

Greek Prime Minister Alexis Tsipras won power last month promising to ditch the programme on the grounds the austerity measures had wrecked the economy and had to be removed.

Friday`s compromise effectively gave Tsipras the chance to submit Athens`s own austerity commitments in exchange for the extension, keeping Greece in the eurozone for the moment.

"Europe has some breathing space, nothing more, and certainly not a resolution. Now it`s up to Athens," Frank-Walter Steinmeier, foreign minister of eurozone powerhouse Germany, said in comments published Monday.

"The fundamentals -- namely assistance in exchange for reform -- must remain the same," Steinmeier told the Bild daily.

From Zee News

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