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Greece submits reform proposals to Brussels in an effort to avoid Grexit


Greece

Greece submits reform proposals to Brussels in an effort to avoid Grexit

Greek media reports the leftist-led government has submitted a letter to Brussels, listing reforms it hopes will save the country from bankruptcy.

Prime Minister Alexis Tsipras is expected to finalise the proposal on Monday (February 23) – the original deadline for the list – but had earlier said he was confident it would get the green light from Greece’s main international creditors.

The country’s future in the euro zone now lies in the hands of the European Commission, the European Central Bank and the International Monetary Fund.

If the measures are approved, a bailout package the Syriza-led government says it is determined to scrap, will be extended for another four months.

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