There are four things that the Greek government, in whatever form or composition, must now implement, now that an agreement with Greece’s creditors has been reached:
* Prime Minister Alexis Tsipras must form a new national unity government when he gets back to Athens.
* New laws regarding simplification of VAT rates, pension cuts and enshrining the autonomy of the state’s statistical service by July 15, so that Greece can rebuild its strained relationship with creditors.
* Parliaments of EZ member states will ratify the ESM bailout once laws have been passed so that ESM talks can begin.
* The Greek Parliament will need to ratify even more emergency legislation in order to achieve bridge financing to pay a looming installment to the ECB by July 20.
Beyond VAT, the government must broaden the tax base, ensure the sustainability of the social security system, apply a code of civil procedure, fully implement automatic spending cuts, ensure bank recovery and institute a resolution directive.
Here it is, in total:
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