Wed | Apr 26, 2017

Creditors present Greece with new plan

Published:Friday | June 26, 2015 | 6:00 AM
Greece's Prime Minister Alexis Tsipras waves to the media as he arrives at Maximos Mansion in Athens on Tuesday, June 23.

The Eurozone's top official says creditors were presenting Greece with a new proposal on reforms it should make in return for loans.

Jeroen Dijsselbloem, the Dutchman who heads the Eurozone finance ministers' meetings, held talks with Greek Prime Minister Alexis Tsipras earlier in the day Thursday to seek a breakthrough.

He said the creditors have made proposals, but says that "we don't have an agreement on the Greeks from that".

He says Eurozone finance ministers will hear "from the Greek side what their ideas are, what they could agree to, what they could not agree to".

Austrian Finance Minister Hans Joerg Schelling is amazed at the apparent lack of urgency in Greece's negotiations over a bailout deal.

With the clock clicking down to Tuesday, when Greece has a debt repayment it cannot afford, Schelling says "it is really surprising how carefree Greece deals with its business and constantly comes up with new requests".

After days of talks, Tsipras made changes to proposed reforms his country would make in exchange for loans.

Tsipras, meanwhile, has complained that the International Monetary Fund (IMF) came up with last-minute conditions on how the Greek reform programme should work.

Earlier, he wrapped up the latest round of talks in Brussels with the leaders of the IMF and European Central Bank.

Tsipras gave a thumbs-up as he left, but participants and other senior officials have otherwise declined to speak about the state of the negotiations.

Greece and the creditors are in talks on what reforms it should make to get more bailout loans.

A Greek banking official says the ECB has approved a request from Athens to increase the amount of emergency liquidity Greek lenders can tap from the country's central bank.

The ECB approved the request Thursday, as it has done every day since Friday as Greece headed into the final stretch of tough bailout negotiations with no clear solution in sight. The banking official, who spoke on condition of anonymity because the decision was not publicly released, said the ECB would meet again within the next 24 hours if necessary.

Worried Greeks have been withdrawing their money from their country's banks, fearing the imposition of restrictions on banking transactions. An estimated more than €4 billion (US$4.5 billion) left Greek banks last week.

- AP