{\rtf1\ansi\ansicpg1252\cocoartf1038\cocoasubrtf360 {\fonttbl\f0\fswiss\fcharset0 Helvetica;} {\colortbl;\red255\green255\blue255;} \paperw11900\paperh16840\margl1440\margr1440\vieww9000\viewh8400\viewkind0 \pard\tx566\tx1133\tx1700\tx2267\tx2834\tx3401\tx3968\tx4535\tx5102\tx5669\tx6236\tx6803\ql\qnatural\pardirnatural \f0\fs24 \cf0 Summary of eurozone deal on Greece\ \ Following a preliminary deal with fellow members of the 19-country eurozone, Greece must quickly pass into law tough economic measures before it can qualify for a third multi - billion euro bailout\ ----------------------------------------------------------------------------\ URGENT GREEK ACTION\ \ Finances: Request continued support from International Monetary Fund after current plan expires in early 2016 \ \ Tax: Pass measures by July 15 to streamline VAT and broaden tax base to increase revenue\ \ Pensions: Reform system by July 15 to make it financially viable. Other reforms due by October\ \ Safeguard independence of Greek statistics agency \ \ Introduce laws by July 15 ensuring quasi- automatic spending cuts if government misses its budget surplus targets\ \ Overhaul civil justice system by July 22 to make it more efficient and reduce costs\ \ WHAT GREECE MUST ALSO DO\ \ Product market reforms include allowing Sunday trading, opening up pharmacy ownership and reforming bakeries and milk market \ \ Privatise electricity transmission network operator \ \ Banks: Take action on non-performing loans and strengthen bank governance \ \ Labour market: Overhaul collective bargaining, industrial action and collective dismissal regulations\ \ Privatisation Involves transfer of 50 billion euros of Greek assets to independent fund, based in Greece, to significantly increase programme\ \ Public administration: Cut costs and reduce political interference. First proposal by July 20.\ --------------------------------------------------------------------------------\ WHERE GREECE'S BAILOUT MONEY IS LIKELY TO COME FROM\ \ Total possible bailout \'8082bn \ \ \'8016.4bn International Monetary Fund\ \ up to \'8065.5bn European Stability Mechansim (ESM)\ \ Stakes in ESM Share of capital\ \ Germany 27%\ \ France 20.2%\ \ Italy 17.8%\ \ Spain 11.8%\ \ Netherlands 5.7%\ \ Others 17.5%\ ----------------------------------------------------------------------------\ Sources: Financial Times, wire agencies\ \ words 254}