An increasingly cash-strapped Greek government is expected to submit a renewed list of reforms to eurozone creditors in the coming period, a mandated action to meet requirement for extending a loan agreement.

According to Reuters a new Euroworking teleconference will take place on Wednesday, with Greece again the main focus.

Just before the final list of reforms is submitted, a detailed evaluation by lenders’ representatives will take place, with the possibility of changes to envisioned reforms.

In order to address the increasingly pressing issue of liquidity, the Greek government is eyeing 1.9 billion euros taken by the ECB from profits on Greek bonds, as well as least 1.2 billion euros from the EFSF, included in the package of 7.2 billion euros, which were “frozen” before the elections.

However, in addition to the 3.1 billion euros, the Greek government believes it would be possible to funnel the country with a further 1.8 billion euros in April, but this will again depend on the positive evaluation by the three Institutions and the EFSF.

Previously, European Parliament President Martin Schulz stressed that “I believe that a new deal will be reached towards the end of this week, which will be enough for the release of the most urgent funding “, while at the same time he clarified that “Greece will three months top to present a decent, detailed and final plan”.

Furthermore, the deputy minister of finance Nadia Valavani revealed an idea to increase VAT on certain high-end islands and only part of the content of the list of reforms that the government is expected to present in the Eurogroup includes.

“There are still under thought about the islands and nothing is finalized yet. But if for example the same rules apply for Mykonos and Santorini as they do in Crete, they will not suffer of anything. What needs to be protected is the remote routes”.