Greece To Submit Reform Proposal On Wednesday: Report

The Greek government is planning to submit a fresh list of reform proposals on Wednesday, according to a news report, potentially taking the country a step closer to ending the months long bailout standoff with international lenders. German daily Bild reported on Monday the new list of reform measures includes abandoning plans to raise the minimum wage, which was one of Prime Minister Alexis Tsipras' pre-election pledges. Athens has submitted several proposals for economic overhauls to its international lenders over the past two months, but the Eurogroup of eurozone finance ministers has rejected previous lists because they weren't comprehensive enough. The head of the Eurogroup, Jeroen Dijsselbloem, said in an interview with Dutch daily de Volkskrant published on Sunday that there will not be another large bailout program for Greece, ruling out a grand-scale third rescue package. Meanwhile on Monday, Greece reshuffled its negotiating team, in a move seen as reducing the influence of outspoken Greek finance minister Yanis Varoufakis.

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