Greek bailout: Creditors consider government's new reform proposals
March 30 , 2015
International creditors are analyzing new plans for reforms put forward by Greece’s left-wing government in an attempt to get additional bailout funds.
According to Greece, the plans, which include steps to tackle tax evasion and increase taxes on cigarettes and alcohol, would raise $3.3 billion in revenues for the state.
Though creditors have indicated their willingness to extend Greece’s bailout, Prime Minister Alexis Tsipras’ earlier proposals have been criticized by countries like Germany.