The draft proposal, which comes from this morning’s eurozone finance ministers, forces Greece to take these seven steps straight away:
1.Streamlining VAT
2.Broadening the tax base
3.Sustainability of pension system
4.Adopt a code of civil procedure
5.Safeguarding of legal independence for Greece ELSTAT — the statistic office
6.Full implementation of automatic spending cuts
7.Meet bank recovery and resolution directive
And also get the ball moving on another five points:
1.Privatize electricity transmission grid
2.Take decisive action on non-performing loans
3.Ensure independence of privatization body TAIPED
4.De-Politicize the Greek administration
5.Return of officials from its creditors to Athens
Professor Karl Whelan argues that Germany is trying to force Greece out.