The Greek government agreed on Monday (20 February) to make new
reforms to cut up to 2 percent of GDP in spending in the coming years.
Greece accepted budget cuts worth up to €3.6 billion that it had previously refused as the only way to break the deadlock with its creditors in talks to unblock a new tranche of the €86 billion bailout programme agreed in 2015.
Experts from the creditor institutions - the European Commission, the European Central Bank, the European Stability Mechanism and the International Monetary Fund (IMF) - will be able to go back to Athens and prepare reforms on tax, pensions and the labour market with the Greek government.
Read more: Greece and creditors break bailout deadlock
Greece accepted budget cuts worth up to €3.6 billion that it had previously refused as the only way to break the deadlock with its creditors in talks to unblock a new tranche of the €86 billion bailout programme agreed in 2015.
Experts from the creditor institutions - the European Commission, the European Central Bank, the European Stability Mechanism and the International Monetary Fund (IMF) - will be able to go back to Athens and prepare reforms on tax, pensions and the labour market with the Greek government.
Read more: Greece and creditors break bailout deadlock
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