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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