Greece pledges to prioritise EU-acceptable reforms
(ATHENS) - Greece will prioritise EU-acceptable reforms, a government source said Friday after eurozone finance ministers granted Athens a four-month loan extension.
"The new Greek government will present its batch of reforms for the next intermediate phase, giving priority to those that constitute common ground such as combating tax evasion, corruption, restructuring public administration and dealing with the humanitarian crisis," the source said.
"The Greek government will calmly proceed with its government work, with Greek society on its side, and will continue negotiations until the final deal in the summer," it said.
According to Eurogroup chief Jeroen Dijsselbloem, the 19 ministers of the eurozone agreed to extend Greece's crucial bailout by four months as long as Athens set out key reform commitments by Monday.
Despite deep long-standing divisions between Germany and Greece over the conditions of extending the bailout, the Eurogroup found an agreement to prolong the European part of the loan that was due to expire at the end of the month -- staving off fears the country would crash out of the eurozone.