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article imageGreek reforms list received 'on time' in Brussels: Commission

By AFP     Feb 24, 2015 in World

The list of Greek reform measures demanded by the country's international creditors in return for extending its bailout programme has arrived "on time," the European Commission said Tuesday.

"List of reform measures of Greek government received on time," Commission spokesman Margaritis Schinas said in a tweet, without giving any details or specifying when the list was submitted.

The list was supposed to have been delivered by a midnight Monday deadline after eurozone finance ministers and Greece's creditors agreed Friday to give Athens another four months to put its economic house in order.

Late Monday, however, a Greek government source said the list would be handed over in time for the finance ministers to discuss them in a conference call on Tuesday afternoon.

The "troika" of the European Commission, the European Central Bank and the International Monetary Fund will also have their say on whether the reforms will keep Greece on track to meet tough targets agreed in the bailout package for restoring its public finances.

The new left-wing Greek government headed by Prime Minister Alexis Tsipras won power in January on a promise to ditch the programme and its hated austerity commitments which he says wrecked the economy.

Germany has led determined opposition to any change, insisting Greece must stick to its commitments and that only fiscal discipline can deliver sustainable growth.

The compromise deal reached Friday allows Greece to change the balance of the bailout while leaving the overall impact of the programme unchanged.

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