Greece to Present Reforms Draft to Creditors to Unlock Loans

Greece says it will discuss with its creditors on Thursday a draft bill of reforms it hopes will earn their approval and pave the way for the unlocking bailout funds.
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Greece says it will discuss with its creditors on Thursday a draft bill of reforms it hopes will earn their approval and pave the way for the unlocking of vitally needed bailout funds. The draft bill is expected to include measures proposed by Finance Minister Yanis Varoufakis during the negotiations with creditors, which have dragged on for over three months and raised concerns the country might not get the loans in time to avoid a debt default. The bill will be discussed with representatives of the International Monetary Fund, European Central Bank and European Commission, dubbed the Brussels Group, at a meeting in the Belgian capital on Thursday, two government officials said. The draft was expected to be discussed during a Greek Cabinet meeting set for Thursday afternoon. Officials from the eurozone's finance ministries, the Commission and European Central Bank, known as the Euro Working Group, would be meeting later Wednesday.