Greek government

The Greek government has cast light on some of the reforms it has drafted in return of agreeing to a bailout extension.

Greece was allowed to put forward its own list of reforms after a Eurogroup meeting on Friday at which finance ministers decided to extend the current program.

Α list of reforms prepared and submitted by the Greek government to its eurozone creditors will reportedly include measures on fighting tax evasion and corruption, reforming the public sector, slashing red-tape and settling overdue tax debts and “bad loans”.

12 general fields of reforms are eyed:

-Incentives for tax arrears of up to 100 installments

Eurogroup head Jeroen Dijsselbloem appeared optimistic that a list of reforms to be detailed by the Greek government will be submitted before midnight on Monday.

Speaking from Copenhagen, Dijsselbloem also stressed that all of the Greek proposals must be “quite powerful”.

As top government official announced, a Eurogroup video-conference is to be held on Tuesday on the list of reforms proposed by the Greek government.

The above announcement of the video-conference dropped as a bomb, since it raises questions as to whether is a positive sign or an omen indicating a gap that can not be bridged between Greek government and lenders.

According to the European Commission President Jean-Claude Juncker Greece can not raise the minimum wage, as it is extremely difficult for Spain, Ireland and Portugal to grant such privileges since they don't apply to themselves.

Government Spokesman Gavriil Sakellaridis told private SKAI TV on Monday that the Greek government has acted responsibly in representing the Greek people and in its dealings with Greece's EU partners.

The Greek government is due to present a new list of reforms following Friday's agreement that its bailout program will be extended by four months.

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