ECB says Greece’s reform list a ‘valid starting point’

The European Central Bank said Tuesday the reforms drawn up by Greece in return for a bailout extension were a «valid starting point» for talks, but that they differed in a number of areas from the existing programme.

“Our initial impression is that the document covers a wide range of reform areas and in this sense, it is sufficiently comprehensive to be a valid starting point for a successful conclusion of the review,» ECB president Mario Draghi wrote in a letter addressed to Eurogroup chief Jeroen Dijsselbloem.

But he added: «We note that the commitments outlined by the authorities differ from existing programme commitments in a number of areas.”