Questions grow around Greece’s ability to pay IMF despite submitting improved reform listGreece yesterday submitted its latest reform list to its European partners. The Financial Times published a copy of the 26 page document, which aims at raising up to €6bn in revenue. The cash comes from areas such as: an audit of offshore bank transfers (€875m) and a new lottery scheme aimed at compelling people to demand VAT receipts (€600m). However, the list also includes new spending pledges, seeming reversal of previous reforms and includes little on pension and labour market reform – seen as crucial by the EU/IMF/ECB.
The …read more
Source: Open Europe