The Full 11-Page Letter Greek FinMin Varoufakis Submitted to Eurogroup President Dijsselbloem



varoufakis_letter
Greek Finance Minister Yanis Varoufakis sent the seven reforms list of the Greek economy to Eurogroup President Jeroen Dijsselbloem, referring mainly to “real structure reforms” and not structural ones.

In detail, the reforms list includes the following:

  1. Activation of the Fiscal Council in order to achieve savings in resources.

  2. Reforms aimed at the budget’s better preparing and restructure of the Organic Law on Budget.

  3. A non-permanent formation of a flexible body to target tax controls and curb tax evasion.

  4. Improvements in the legislation regulating arrears.

  5. Public revenue flow through framework regulation for authorizing electronic gaming.

  6. Reducing bureaucracy and elevating the business climate through public services improvement.

  7. Measures to address the humanitarian crisis.

Greece ‘s letter to Eurogroup (PDF)

The next Eurogroup meeting, to be held on Monday, will examine the reforms list letter. According to an unnamed Eurozone senior official cited by the Greek news agency, AMNA, the single currency Finance Ministers expect their Greek counterpart to present the reform plans in detail as well as to be briefed by the institutions and Mr. Varoufakis himself on the progress made in technical discussions.

The same official, however, suggested that on his own level the communication with the Greek services is limited and that it remains unknown who will take part in the technical consultations, as well as the time and the place they will take place. He also mentioned that the technical consultations are not expected to begin this week, as Eurozone services had earlier estimated. Furthermore, he stressed that the technical discussions are still at a very early stage and thus the consultations between the Greek authorities and the institutional representatives should be intensified.

Moreover, asked whether a partial disbursement of the funds that Greece is to receive from lenders is feasible, he noted that provided that some of the so-called prerequisites are met, this could be made feasible conditional to certain terms. Finally, the Eurozone official also stressed the importance of presenting all the measures included in the decision of the previous Eurogroup meeting in order to have a clear picture of the situation.


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