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.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Today's political cartoons - March 31, 2025Cartoons Monday's cartoons - improper ideology, robot replacements, and more
-
Local elections 2025: where are they and who is on course to win?The Explainer Reform UK predicted to make large gains, with 23 councils and six mayoralties up for grabs
-
What is Starmer's £33m plan to smash 'vile' Channel migration gangs?Today's Big Question PM lays out plan to tackle migration gangs like international terrorism, with cooperation across countries and enhanced police powers
-
Tesla Cybertrucks recalled over dislodging panelsSpeed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off
-
Crafting emporium Joann is going out of businessSpeed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
