ECONOMY

Greece has six working days to present new reform proposals

The Euro Working Group (EWG) of eurozone technical staff gave Greece on Wednesday night an ultimatum of six working days to present its proposals with a regard to a string of reforms that could unlock financial aid to the cash-strapped country in the upcoming Eurogroup meeting scheduled to take place in Riga on April 24.

Meeting in Brussels, EWG officials noted that fresh reform proposals by the Greek government were expected in the fields of social security, labor relations and privatizations, among others.

Kathimerini understands that Greece’s representative at the EWG, Finance Ministry general secretary Nikos Theocharakis, informed his counterparts that Athens is in a position to cover its financial obligations up until April 24 but probably not beyond that. He did not present any new reform proposals.

Meanwhile, officials from the International Monetary Fund, the European Central Bank and the European Commission noted that while there had been some improvement in technical discussions in Athens, a considerable gap remained in order for an agreement to be reached.