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Tuesday, February 24, 2015

Greek government accused of 'treason' for reforms that include collecting taxes properly

Press leaks have become such a problem for the radical new Greek government that it decided to release a summary of its reforms before it has even submitted them to its creditors. However, a Reuters report suggested that Greece has now submitted the reforms list to the International Monetary Fund and European institutions around midnight. The slab of reforms includes tackling tax evasion and implementing labour law changes. The Syriza-run government also stipulated that it is committed to addressing Greece's "humanitarian crisis." Greek citizens reacted angrily to the proposed agreement, as detailed by CNBC.  "[The new deal] is treason," said Athens-based Kostas Karampas on Facebook. He added that "[whoever signs the new bailout agreement] are collaborators and will be judged by the Greek people for ultimate treason." Greece secured a four-month loan extension on Friday, however the deal could still fall apart if international creditors do not approve this new set of reforms.  Initially, Greece was meant to submit its reform proposals on February 22, however it delayed that by 24 hours. Syriza's list of reforms mainly hinge around tackling corruption and fighting tax evasion, to bring in more cash for the beleaguered country. It said it will focus on fuel and tobacco smugglers. Greece's government also pledged to reform labour laws on collective contracts and bargaining agreements. However, in a bid to appease its voters, the government said that it will also work to alleviate the country's "humanitarian crisis". The Greek economy has shrunk by 25% since the start of the Eurozone debt crisis. A quarter of Greece's population is unemployed. Syriza said it will provide free medical care for the jobless (and therefore uninsured). It also promised to secure housing guarantees and spend £44m on free electricity for the Greeks. It also vowed to dole out £550 million to provide meal subsidies. Meanwhile, Syriza is battling to fulfill the very promises that got it elected in the first place. According to the Independent, a veteran member of Greek Prime Minister Alexis Tsipras' government has hit back at bailout extension deal. Manolis Glezos, Syriza's most senior politician and MEP, said that the latest agreement showed that Syriza reneged on its election promises. “I apologise to the Greek people because I have contributed to this illusion,” he said. However, a Greek government spokesperson hit back: “Manolis Glezos is someone whom we will never cease to honour but I believe that statement in particular was misguided and wrong.”Join the conversation about this story » NOW WATCH: This Video Of The Largest Breakage Of Ice From A Glacier Ever Filmed Is Absolutely Frightening


READ THE ORIGINAL POST AT uk.businessinsider.com