Amwal Al Ghad English - 2015-06-14 07:54:46
Greece and its creditors are locked in last-ditch talks, with European Commission President Jean-Claude Juncker trying to broker a deal over the weekend.
Prime Minister Alexis Tsipras sent a delegation to Brussels this weekend with a new set of proposals to close differences on pensions, taxes and a primary surplus target. With positions hardening, the talks are Juncker’s last attempt to reach a compromise, according to a European Union official, who asked not to be identified.
Representatives of the International Monetary Fund, the European Central Bank and the European Stability Mechanism are waiting in the wings to join the negotiations if progress is made between Greece’s envoy and Juncker’s chief of staff. The aim is to reach an deal before markets open on Monday, the official said.
European leaders from German Chancellor Angela Merkel to European Union President Donald Tusk have voiced growing exasperation with Greece’s brinkmanship that has pushed Europe’s most-indebted country to the edge of insolvency.
Juncker warned Tsipras on Thursday that the Eurogroup would start making preparations for a Greek euro exit if creditors didn’t approve a last-minute deal, Frankfurter Allgemeine Sonntagszeitung reported on Sunday, without saying how it obtained the information.
Flitting between intransigence and conciliatory overtures, Tsipras has spent four months locked in an impasse with the creditor institutions. The latest Greek counter-proposal is the second in June. The first was dismissed. More»