NEWS

Greek reform list to be discussed by Brussels Group on Friday, official says

Representatives of the Greek government and the country’s international creditors, dubbed by Athens as the Brussels Group, are to discuss Greece’s proposed list of reforms in the Belgian capital on Friday, a Greek government official said without providing any details about the proposed measures.

According to Greek media, the list will be sent to Brussels on Friday afternoon and discussed by officials. Sources indicated that the measures on the list are estimated to raise some 3 billion euros in much-needed revenue. But there was no confirmation of what the measures entail. Government officials have repeatedly ruled out the possibility of “recessionary” measures such as cuts to salaries and pensions being included.

It is expected that the list will include measures to boost tax revenue, including a payment plan for tax debtors which has already passed into law, and reforms to improve Greece’s investment climate.

It is possible that some privatizations, such as regional airport, will also be on the list while the government’s final position on the possible lifting of VAT exemptions remained unclear.

According to sources, the cabinet is to convene on Saturday with Syriza’s political secretariat due to meet on Sunday with the aim of signing off on the proposed measures.