Sunday, February 22, 2015

Greece to Send Draft Proposals to IMF and EU

Greek finance minister Yanis Varoufakis was due to send draft proposals to International Monetary Fund and EU institutions on Sunday outlining a set of reforms that would meet conditions laid out in Friday’s eleventh-hour deal to extend for four months the country’s €172bn rescue program.

The reforms would be “mainly of a structural nature” and would not include details of projected revenue increases or spending cuts, a government official said.

Athens would spell out measures to crack down on tax evasion and fuel and cigarette smuggling that could raise about €2bn-€2.5bn this year, according to the same official.

CNBC

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