The Greek government is readying a list of reforms which the European Central Bank, International Monetary Fund and European Commission will weigh and decide whether they’re enough to release 7.2 billion euros in financial aid to the country. After news that an extension agreement was reached on Friday, Douglas Webber, professor at INSEAD Business School in Paris, details what the next steps are as Greece readies these reforms. If Greece’s creditors proceed with the agreement after reviewing the reforms, Webber says negotiations are far from over. He calls today’s meeting just one step in a longer process of negotiations between Greece and its creditors over the coming months. Webber also reveals what will likely happen should an agreement is not reached.
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