Greece to present reforms to finalise loan extension

Greece is due to submit a list of proposed reforms to its debt inspectors by tonight to get final approval for an extension to its rescue loans.
The government and its creditors agreed Friday to extend the country's rescue loans by four months. In return, Greece would have to commit to a series of budget measures meant to keep a lid on debts and improve the economy.
Greece will have some leeway in deciding what those measures are, but will need approval from the European executive Commission, the European Central Bank and the International Monetary Fund. Upon receiving the proposed reforms today, those three institutions will decide by tomorrow whether they are enough.

Greece's European bailout ends after February 28 so it needs a finalized deal this week.