Greece unveil bailout reform outlines

Greece has unveiled an outline list of reform measures, a condition demanded by Eurozone leaders in return for a four-month bailout extension.

The main points of the summary include creating a fairer tax system, combatting tax evasion and fuel and tobacco smuggling, tackling corruption, implementing labour reforms on collective contracts and bargaining agreements, and granting housing guarantees and free medical care for the country’s uninsured unemployed.

Greece had previously delayed the presentation of reforms by 24 hours after initially agreeing with Eurozone leaders to announce its proposals to creditors on Monday. Government officials said that they were releasing a summary before formally submitting it so as to guard against leaks to the press.

Greece’s main creditors- the so-called troika of the European Central Bank, the European Commission and the International Monetary Fund- are expected to deliver their verdicts on these proposals on Tuesday, before Eurozone finance ministers discuss them in a conference.

A spokesman for the German finance ministry, Martin Jaeger, had earlier been quoted by Reuters news agency as saying that Berlin expected Greece’s plan to be "coherent and plausible".

Greek Finance Minister Yanis Varoufakis has insisted that the agreed bailout agreement will be "dead" if the list of reforms his government is drafting is not approved.