Early Tuesday, just in time to beat the deadline, Greece submitted its proposed economic reforms to the European Commission, the European Central Bank, and the International Monetary Fund, paving the way for a four-month extension of Greece's financial bailout. The current loan package expires Feb. 28.
"In the Commission's view, this list is sufficiently comprehensive to be a valid starting point for a successful conclusion of the review," an unidentified EU official tells Reuters. "We are notably encouraged by the strong commitment to combat tax evasion and corruption." Greek Prime Minister Alexis Tsirpras is trying to walk the line between extending the bailout, which he campaigned against, and addressing the "humanitarian crisis" from Greece's imposed austerity measures.
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