The European Union has given Greece up to April 20 to present a list of reforms which, if found acceptable, would unlock the final tranche of aid funds promised under a multi-billion-euro bailout, a German newspaper reported.
Eurogroup ministers have set the deadline in order to have sufficient time to examine Athens’ proposal ahead of a meeting on April 24, the Frankfurter Allgemeine Zeitung quoted unnamed representatives in the negotiations in a report to be published in its Sunday edition.
Negotiators from Greece and the EU have struggled to make headway over the final payout of 7.2 billion euros as Athens has refused to consider cutting civil servants’ pensions.
Alexis Tsipras’s government, which was elected on an anti-austerity ticket, is reticent about accepting further cuts in public spending.
Rather, it is looking at raising national revenues through improving tax compliance.