Tuesday, February 24, 2015

Eurogroup now discuss proposed reforms – The Economist

Eurogroup now discuss proposed reforms – The Economist

The aid program expires next Saturday and the planned extension would be for around 240,000 mde. Photo: Reuters

The finance ministers of the euro zone will be discussed in a conference call a list of reforms in Greece, once the ship said Martin Jaeger, spokesman for the German Finance Ministry, adding that Berlin expected to be “coherent and plausible”.

“Institutions (European Central Bank, European Commission and International Monetary Fund) will look here first as agreed last Friday, and then give their opinion on it and on this basis will be a debate between ministers of the Eurogroup and, according to current plans, this will be a conference call, “he said.

“The fundamentals remain the same: assistance in exchange for reforms,” ​​said Frank-Walter Steinmeier, German Foreign Minister, told Bild

The Greek government finally deliver this Tuesday morning. final list of amendments to its European partners, said a government source.

“The list of reforms be sent Tuesday to the Eurogroup finance ministers,” the official said, referring to the requirement imposed by their European to Athens on Friday, that was due at midnight reform plan for a four-month extension program receives funding partners.

The official said that the Eurogroup had agreed that the presentation could be made on Tuesday, but gave no reason for the delay.

Electricity free to the poorest

The plan combines social measures such as free electricity and social services for the poorest, Alexis Tsipras promised during the election campaign, with structural reforms demanded by the finance ministers of the Eurogroup to Greece.

The free electricity favor 300,000 poor families have free access to services health, food stamps and transport, plus support for pensioners.

The source did not specify the cost of this plan, which depends on the approval of its European partners.

The program also proposes a new tax system that is “fairer”, several measures to fight tax evasion, corruption and smuggling in addition to the imposition of a civil service reform the administration.

The 19 Eurogroup finance ministers must approve the measures before agreeing to an extension of the aid program for Greece for about 240,000 million euros (270,000 million) which expires on Saturday.

The institutions expect “a first list of reforms, not a complete program (…) must present the philosophy of the whole, because if new measures are adopted Syriza program, they must replace the other for the whole financially balanced “said Pierre Moscovici, Commissioner for Economic Affairs.

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