Greek Finance Minister Yanis Varoufakis appears certain that the list of reforms the Greek government discussed yesterday in a meeting under Prime Minister Alexis Tsipras will be approved by the country’s European partners. “The list will be submitted and I am absolutely certain it will be approved. We are drawing it up as we speak, it will be completed tomorrow,” Mr. Varoufakis said while exiting the meeting in the Greek government’s headquarters, Maximos Mansion.
The acceptance of Greece’s request for a grace period until the end of April — pending the approval of a list of reforms that must be submitted by Greece on Monday — is seen as a successful combination of “logic with ideology and rules with respect for democracy” by Greek Finance Minister Yanis Varoufakis in the press conference held in Brussels after Friday’s Eurogroup meeting. Greece’s SYRIZA-led coalition government has until tomorrow to submit proposed reform plans to the International Monetary Fund (IMF), the European Commission (EC) and the European Central Bank (ECB) which will remain in control of overseeing the process. If the three institutions, previously referred to as the “troika,” approve the Greek proposed list then this will have to be approved by the national parliaments of the Eurozone’s member states.
Moreover, the Greek Finance Minister Varoufakis also said he is “almost certain” that the other 18 single currency Finance Ministers will green light the reforms via a telephone conference, negating the need for another Eurogroup meeting, following the previous three held in a period of 20 days.