Athens to implement tax and pension reforms as early as next week

During the European Parliament debate, Greek  the finance minister  Tsakalotos sent a letter to the Eurogroup promising  to implement pension and tax reforms as early as next week. These reforms are seen as the first step  in securing a three-year rescue loan to cover debt obligations.

Greece also pledges to honor its financial obligations and detail by Thursday reforms proposals for evaluation by the creditors.

“We trust Member States appreciate the urgency of our Loan request at this time given the fragility of our banking system, our shortage of available liquidity, our upcoming obligations, our buildup of internal arrears, and our expressed desire to clear our outstanding arrears with the IMF and the Bank of Greece,” the letter from the Greek finance minister said.

Athens also said it welcomed an “opportunity to explore potential measures” to make its debt sustainable, as part of broader discussions to be held.