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Greece Gets Positive Signal From Creditors on Economic Measures

Bloomberg business news

Greece Can Never Pay This Money Back: David Kelly

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Greece moved closer to winning an extension of financial aid after the head of the group of euro-region finance ministers said creditors were favorable toward the government’s package of new economic measures.

The list of commitments, submitted minutes before the midnight deadline on Monday, includes maintaining current state-asset sales, consolidating pension funds to reduce costs and revamping tax collection and administration, according to draft obtained by Bloomberg News. The European Commission, the European Central Bank and International Monetary Fund, are assessing the list before it goes to finance ministers.