Greece scrambling to compile reforms list

London

GREECE'S coalition government has been working frantically to compile a list of economic reforms in return for the four-month extension of the bailout from the European Union (EU), European Central Bank (ECB) and the International Monetary Fund (IMF). If the creditors agree to promises that the reforms will be activated, 7.2 billion euros (S$11.1 billion) will be loaned to Greece by Feb 28, to be used to pay police, teachers, other public servants and general state expenditure. Four months is a short time, but the Syriza and Independent Greeks coalition government also hope that the reforms will begin to pull the nation out of its economic quagmire.

The deadline for the list of the reforms is Monday evening and on Saturday Greek Premier Alexis Tsipras admitted on TV that the left-wing government had "won a battle, not the war" and that "the difficulties, the real difficulties . . . are ahead of us".