In Brussels a euro zone official said the “content of the letter will not be a surprise” to the euro zone and therefore the Tuesday submission was not a major issue. Greece has said it was working closely with its euro zone partners in drawing up the list.
Germany has insisted earlier that any extra spending on Athens’s list of reforms had to be offset by savings or higher taxes.
Athens has stressed the reforms would at least be decided by Greeks, in contrast to the austerity policies dictated by foreign creditors since they bailed out the country in 2010.
The measures on the list
The measures will include tackling what the new Greek Prime Minister Alexis Tsipras calls Greece’s “humanitarian crisis” – hardship created during years of economic depression – while dealing with tax arrears and bad loans, and ending the foreclosure of primary homes, the official said. They will also crack down on tax evasion, smuggling and corruption, and the restructure the public sector.
The list will also include parts of the government’s “Thessaloniki programme” which in total envisages spending of 1.8 billion euros over a full year on relief measures such as free electricity and meals for the poor, while raising 3 billion from steps such as collecting tax arrears.
Pierre Moscovici: No Plan B for Greece’s exit
The European Union Commission wants Greece to stay in the eurozone and is not reviewing a ‘Plan B’ on the country’s exit from the monetary union,
EU Commissioner Pierre Moscovici said Monday, February 22, on a TV interview.
“I banned even reviewing such a plan, there is no plan B. Generally when there is a Plan B, it means we don’t believe in the Plan A anymore,” Mr. Moscovici said, in an interview with French TV station France 2.
Mr. Moscovici said the Greek government must fulfill commitments made by the prior administration and make proposals that are financially sustainable.
Jucker’s contribution to the Bridge
Speaking to German Wirstschaftswoche some days earlier, Jucker said that he has taken up initiative to mediate between Greece and the Eurogroup and achieve an extension of the existing program to bridge the time until summer.
“I work together with the President of the Euro Group Jeroen Dijsselbloem to achieve an extension of the existing program to bridge the time until summer. Until then, we should be able to agree with the new government in Athens on a new reform- and growth-program for Greece.”
Juncker, also, as everyone of the eurozone’s part didn’t forget to underline that “Greece has to fulfill all financial obligations to the European and international partners” and stressing that “this has to be the basis of any new agreement.”
Sources: Reuters, Nasdaq com