Greece commits to 25-day deadline to pass major bailout reforms

BUSINESS

Greece commits to 25-day deadline to pass major bailout reforms

The Associated Press Published Tuesday, October 20, 2015 7:59AM EDT

A man walks past wallets designed as Euro banknotes displayed outside a kiosk in central Athens,on Tuesday, Oct. 20, 2015. (AP/Petros Giannakouris)

Text:

ATHENS, Greece -- Greece's left-wing government says it has given itself a 25-day deadline to push through a series of major reforms demanded by bailout lenders.

Government spokeswoman Olga Gerovasili said Tuesday the cost-cutting measures requiring parliamentary or Cabinet approval would be passed by Nov. 15.

She made the pledge as bailout inspectors from the International Monetary Fund, the European Central Bank and the European Commission were due back in Athens. French President Francois Holland is also due to visit Greece on Thursday and Friday for bailout-related talks.

The Greek government is about a third of the way through early implementation goals required by lenders in order for Greece to get a massive, third bailout. It is looking for alternatives to agreed-upon tax hikes on private school fees and rental income.