Saturday, February 21, 2015

On 5:02 AM by a   No comments

 

Greek debt deal: Government starts work on reform list

 The reforms must satisfy the rest of the eurozone and the IMF in order for Greece to qualify for a four-month extension on its financial rescue plan. 

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The extension was offered at talks in Brussels on Friday.
On Saturday, Greece's anti-austerity Prime Minister Alexis Tsipras described the deal as a "decisive step", adding that "real difficulties" lay ahead.
"We won a battle, not the war," said Mr Tsipras, who swept to power in January on a commitment to rolling back budget cuts agreed under existing bailout deals.
German Finance Minister Wolfgang Schaeuble, a strong opponent of debt forgiveness, said Greece's leftist-led government would "have a difficult time" explaining the deal to its voters.

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