Brussels - Greece can choose its own reforms to unblock the flow of loans from international creditors and stave off bankruptcy, but it will have a hard time avoiding privatisations and a pension reform because of their budget impact, European officials said.
A new left-wing government and eurozone creditors agreed last week that Athens would present within days a list of its own reforms that must achieve similar fiscal results to the measures agreed by the previous conservative-led cabinet.
"The last government did not complete the 'prior actions' necessary for the final disbursement. Nothing has changed, the prior actions are the same. But the measures can be changed if they do not jeopardise debt sustainability," one eurozone official said.