World

Greece and its international creditors still struggle with reform list to unlock rescue funds

  • Greek Prime Minister Alexis Tsipras attends a Cabinet Meeting in Athens, on Sunday, March 29, 2015. Greece is going through difficult talks with its lenders with its cash reserves nearly depleted. (AP Photo/Petros Giannakouris)

    Greek Prime Minister Alexis Tsipras attends a Cabinet Meeting in Athens, on Sunday, March 29, 2015. Greece is going through difficult talks with its lenders with its cash reserves nearly depleted. (AP Photo/Petros Giannakouris)  (The Associated Press)

  • Greek Prime Minister Alexis Tsipras, arrives for a cabinet meeting in Athens, on Sunday, March 29, 2015.  (AP Photo/Petros Giannakouris)

    Greek Prime Minister Alexis Tsipras, arrives for a cabinet meeting in Athens, on Sunday, March 29, 2015. (AP Photo/Petros Giannakouris)  (The Associated Press)

  • A trade unionist holds a Greek flag and a sign which reads "austerity is a silent killer", during a demonstration against Belgian austerity reforms in Brussels on Monday, March 30, 2015. Like a series of strike actions late last year, the protesters targeted measures by the business-friendly government of Prime Minister Charles Michel to cut into employees' income, extend working time and restrict social services. (AP Photo/Virginia Mayo)

    A trade unionist holds a Greek flag and a sign which reads "austerity is a silent killer", during a demonstration against Belgian austerity reforms in Brussels on Monday, March 30, 2015. Like a series of strike actions late last year, the protesters targeted measures by the business-friendly government of Prime Minister Charles Michel to cut into employees' income, extend working time and restrict social services. (AP Photo/Virginia Mayo)  (The Associated Press)

Greece and its international creditors are still struggling to agree on a list of economic reforms that are deemed necessary for the country to unlock emergency funds and stay afloat.

EU Commission spokesman Margaritis Schinas said Monday that despite continued work through the weekend, a deal on comprehensive reforms "requires a lot of technical work."

Greek Prime Minister Alexis Tsipras, elected in January, has been allowed to craft his own reform measures but only if the net effect is the same as that outlined in Greece's current bailout prescription. An agreement with creditors will unlock the next funds due from Greece's bailout.

Greece has relied on bailout funds for nearly five years. In return, successive Greek governments have had to impose tough austerity measures.