Greece: list of reforms, a first step towards further financing in the country

Athens and its creditors on the way to an agreement on further funding for Greece. Greece has just sent to Brussels the list of economic reform projects promised to the European Union in order to obtain the extension of the financial assistance program.

But the president of the Eurogroup, if Greece is "very serious in its commitment to reform," it is no, however there than "a first step".

"This list is not a new memorandum or a new agreement. This list is simply an indication of the kind of reforms that the Greek authorities wish to promote, replace or continue. So we have time to go into details and to establish a new contract for obtaining a four-month extension of the financial assistance program, "said Jeroen Dijsselbloem.

Close examination of this catalog Greek proposals takes place on Tuesday. Besides the Eurogroup, the two other creditor institutions of Greece that are the ECB and the IMF, must also give their opinion on this list of reforms. And such notice must be positive to consider a next step.

The President of the Eurogroup, Jeroen Dijsselbloem, also recalled that "the national parliaments in the European Union also had to validate this extension." Many consultations should, he said, "restore trust between all parties and allow Greece to benefit from the extension to the end of June with the EU."

After passing the exam, the Greek authorities have until the end of April to finalize their roadmap. Tuesday morning, the Athens Stock Exchange was up to the reopening of markets, positive consequence of this first step towards an extension of financial assistance to the country.