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Greek reform deal four months to put flesh on the bones

Greek reform deal four months to put flesh on the bones
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Specifics of the Greek reform programme are thin on the ground.

There are no cost estimates or analysis of the benefits nor are the financial impacts of the commitments explored.

The devil is in the detail and the detail will be discussed during further consultations with creditors.

The country is determined to stamp out corruption and is working to end the age old links between business magnates and government.

The new administration wants transparency in all government dealings.

An overhaul of the tax system is promised, VAT policy is to be overhauled with the elimination of tax code exemption.

Athens wants to make available low cost food to poor households along with affordable healthcare and energy.

The government has promised to act on the pledge and says it will find a way to offset the €1.9bn cost without damaging the budget.

Syriza wants to unify and streamline pension policies and establish a closer link between pension contribution and income.

For the moment Greece can breathe a sigh of relief, it has four-months to hammer out a more concrete deal.