Greece’s government unveiled reform plans early to combat press leaks. Greek lawmakers released a summary of its reforms it plans to make, in order to secure a bailout out extension, before submitting it to international creditors. It includes the radical Syriza party’s plans to combat corruption and to create a “fairer tax system.” France is trying to delay its deficit target. According to German business daily Handelsblatt, the country wants to delay its target of bringing its budget deficit below 3% of GDP to 2018. Meanwhile, the European Union’s top economics official raised the threat of sanctions on France. …read more
Source: Business Insider
