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ATHENS – Greek Finance Minister Yanis Varoufakis has prepared a six-point blueprint of reforms to submit to Eurozone officials.

Prime Minister Alexis Tsipras and Varoufakis have begun another offensive to persuade Eurozone leaders Greece will abide by the reforms the government had vowed to reject, ahead of a March 9 meeting in Brussels.

Greece needs the Eurozone approval on reforms, including a vague outline that Varoufakis said was deliberately full of “constructive ambiguity,” before getting any more loans, and as cash was running out fast before the European Central Bank agreed to lend another 500 million euros.

Tsipras on March 5 called European Commission President Jean-Claude Juncker – who warned Greeks ahead of the Jan. 25 elections not to vote for SYRIZA, which had opposed austerity measures that came with two bailouts of 240 billion euros ($272.5 billion) from the Troika of the European Union-International Monetary Fund-European Central Bank (EU-IMF-ECB).

Varoufakis’ plan includes a humanitarian aid package, an overhaul of the public administration, a payment scheme for tax debtors, and a revised tax collection system, government officials told Kathimerini.

The troika, which Greece now calls The Institutions to save face although it’s the same, is expected to again push for privatizations.

Tsipras had rejected those outright and said he would reverse them but has been relenting on that front as well, in a near all-out retreat on virtually all his campaign promises after he discovered the math was again him.

The government hopes to convince the lenders to release a 7.2-billion euro installment that Tsipras had said he would never accept, giving in on that too. He’s due to visit Brussels on March 9 and Paris on March 11 to seek backing.

 

Source: The National Herald
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