Greece Rushing to Finalize Reforms and Remain in Euro

Greece’s government was racing Thursday to finalize a plan of reforms for its third bailout, hoping this time the proposal will meet with approval from its European partners
Greece Rushing to Finalize Reforms and Remain in Euro
Greek Prime Minister Alexis Tsipras leaves the presidental palace after a swearing in ceremony of the new finance minister Euclid Tsakalotos on July 6, 2015. Louisa Gouliamaki/AFP/Getty Images
The Associated Press
Updated:

ATHENS, Greece—Greece’s government was racing Thursday to finalize a plan of reforms for its third bailout, hoping this time the proposal will meet with approval from its European partners and stave off a potentially catastrophic exit from Europe’s joint currency, the euro, within days.

Prime Minister Alexis Tsipras was meeting with finance ministry officials a day after the government requested a new three-year aid program from Europe’s bailout fund and promised to immediately enact reforms, including to taxes and pensions, in return.

Details of Greece’s reforms are to be submitted Thursday, giving time for creditors to review them ahead of a summit of the European Union’s 28 members set for Sunday.