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Greece to submit new reform list within days: Statement

Greece has agreed to give creditors a new list of reforms within days in order to secure bailout funds, a statement said Friday after talks between Prime Minister Alexis Tsipras and European leaders.



Brussels: Greece has agreed to give creditors a new list of reforms within days in order to secure bailout funds, a statement said Friday after talks between Prime Minister Alexis Tsipras and European leaders.

Based on a deal last month to extend Athens`s EU-IMF rescue package, the statement said "Greek authorities will have the ownership of the reforms and will present a full list of specific reforms in the next days."

"In the spirit of mutual trust, we are all committed to speed up the work and conclude it as fast as possible," added the statement, issued after three hours of intense negotiations.

European Union president Donald Tusk convened the talks between Tsipras, German Chancellor Angela Merkel, French President Francois Hollande, European Commission President Jean-Claude Juncker, ECB chief Mario Draghi and Eurogroup head Jeroen Dijsselbloem on the sidelines of an EU summit in Brussels.

The statement said the Eurogroup of finance ministers from the 19 countries that use the euro "stands ready to reconvene as soon as possible."

Greece`s creditors agreed on February to extend its $240-billion-euro ($255 billion) bailout in exchange for promises of austerity reforms by Tsipras`s new hard-left government.

Athens wants the final seven-billion-euro tranche of the money to be paid out now to avoid possible bankruptcy in coming days and a catastrophic exit from the euro, but Brussels wants more evidence of its commitment to the reforms.

From Zee News

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