Greece is a step further on its way to receiving a bailout extension after its list of proposed reforms was backed by one of its key creditors.
Top European Commission officials called the proposals “sufficiently comprehensive to be a valid starting point”.
European finance ministers are set to discuss the list shortly.
Greece needs approval from international creditors to secure a four-month loan extension.
Newly elected Greek Prime Minister Alexis Tsipras is trying to balance satisfying the demands of creditors with meeting his pre-election pledges.
His government wants to clamp down on tax evasion, corruption and inefficiency in order to fund social spending and alleviate what it calls Greece’s “humanitarian crisis”.
via BBC
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Alfonso Esparza
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