Greek government-debt crisis

Debt relief included in the list of reforms to be submitted by Finance Minister Yanis Varoufakis to Greece's international creditors on Tuesday is estimated to cost 3 bln euros.

The Greek government is getting its list of proposed reforms ready to present to its creditors on Tuesday morning after it was tentatively agreed on Friday to extend the country's rescue loans by four months.

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.

Syriza?s Western Thracian deputies Ayhan Karayusuf and Hüseyin Zeybek are both hopeful of solving Greece?s minority problems, pledging to tear down the ?wall of shame?

Yet another interview of the Greek FinMin was held on CNN on Monday night.

Mr. Varoufakis answered a series of questions on the vexed issue of the ongoing negotiation and the ensuing relations between Greece and the EU.

 Image aside, the gov?t will have a mountain to climb in order to meet its fiscal and political targets

By Dimitris Kontogiannis

Greece will miss Monday's deadline for submitting a list of draft reforms aimed at securing an extension of its bailout programme and will send the list to its eurozone partners on Tuesday morning, according to insiders.

The list must be approved by international creditors to secure a four-month loan extension and help Greece avert bankruptcy.

Deutsche Bank has circulated a chart describing the five necessary steps in order for Greece to avoid an exit from the Eurozone, the financial markets' "bogeyman" known as "Grexit".

-The first step is a short-term bailout extension, or "loan agreement" extension, as Athens prefers to call it.

Jevons Global founder and CIO Kingsley Jones point blank told CNBC on Monday that the Greek debt “is not repayable in this lifetime”.

“We have to be realistic here. Greek debt is now 175 percent of gross domestic product (GDP); it’s higher than it was when this whole business first started,” he emphasized.

By Karolina Tagaris & Renee Maltezou

Greece will send its economic reform plans to eurozone finance ministers on Tuesday morning, a government official said, missing a Monday deadline for submitting the list which is a condition for extending the country's bailout programme.