Greek debt deal: Government starts work on reform list

reek Finance Minister Yanis Varoufakis: ''We genuinely and faithfully targeted one objective, and that was the interests of the average European''

The Greek government is beginning work on a list of reforms it has agreed to submit to foreign lenders by Monday.

The reforms must satisfy the rest of the eurozone and the IMF in order for Greece to qualify for a four-month extension on its financial rescue plan.
The extension was offered at talks in Brussels on Friday.
On Saturday, Greece's anti-austerity Prime Minister Alexis Tsipras described the deal as a "decisive step", adding that "real difficulties" lay ahead.
"We won a battle, not the war," said Mr Tsipras, who swept to power in January on a commitment to rolling back budget cuts agreed under existing bailout deals.
German Finance Minister Wolfgang Schaeuble, a strong opponent of debt forgiveness, said Greece's leftist-led government would "have a difficult time" explaining the deal to its voters.

Analysis: Robert Peston, BBC Economics Editor
Greece and Germany have stepped back from the brink. And for now Greece remains in the eurozone.
But there will be months of fraught negotiations before it will be clear whether the economy and finances of this recession-battered nation have been put back on a stable footing.
In fact, what was agreed on Friday night guarantees there will be no fresh crisis - no fears of Greece quitting the eurozone - for a full two days.
Because by Monday night, the Syriza government has to submit a preliminary list of proposed economic reforms - which will form the basis of negotiations till the end of April on a new financial settlement for the country.
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'Stifling' conditions Mr Schaeuble stressed on Friday that there would be no payment of new funds to Greece until the conditions of the deal had been met.
Greek Finance Minister Yanis Varoufakis said he would work night and day until Monday to devise the list of reforms.
"If the list of reforms is not agreed, this agreement is dead," he admitted.

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No details have emerged about the list, which must be approved by creditors before eurozone members ratify the bailout extension on Tuesday.
Analysts say a collapse of the deal would revive fears of an exit from the euro, a so-called "grexit" - something both the EU and Greece say they want to avoid.
Greece's liberal daily Kathimerini warned on Saturday of "stifling" conditions attached to the deal in Brussels while the centre-left Ta Nea said both sides had made "compromises".
The Greek Communist Party (KKE) accused the coalition, which is led by its far-left rivals Syriza, of extending the bailout without getting the loan conditions changed.
"Ultimately the bill will be footed by the people, as it happened with all previous governments," KKE leader Dimitris Koutsoumbas said.

The government is already in trouble with its voters for seeking the bailout extension at all - something it swore it would never do.
On the streets of Athens, reaction to the deal in Brussels was mixed.
"I think it was positive in the sense that at least for now we can relax a bit," one man, Nikos, told the BBC. "We will have to wait see what will happen next."
But another man, Costas, dismissed the deal as a "somersault somersault that the whole world will remember".
"So many lies we haven't heard before or will hear in the future," he added. "It's always the same."
Dutch Finance Minister Jeroen Dijsselbloem, head of the Eurogroup of eurozone finance ministers, said on Friday night that the deal was a "very important" step in the process of rebuilding trust between Greece and its creditors - the EU, the European Central Bank and the IMF.