EUROZONE-GREECE/CABINET ARRIVALS Greek cabinet in talks about crucial proposals for creditors

Record ID: 147809

  • Title: EUROZONE-GREECE/CABINET ARRIVALS Greek cabinet in talks about crucial proposals for creditors
  • Date: 9th July 2015
  • Summary: ATHENS, GREECE (JULY 9, 2015) (REUTERS) VARIOUS OF EXTERIOR PRIME MINISTER'S OFFICE LABOUR MINISTER, PANOS SKOURLETIS, ECONOMY MINISTER GEORGE STATHAKIS AND GOVERNMENT SPOKESPERSON, GABRIEL SAKELLARIDIS, ENTERING PRIME MINISTER'S OFFICE CAR WITH TRANSPARENCY MINISTER, PANAGIOTIS NIKOLOUDIS, DRIVING TO THE ENTRANCE OF PRIME MINISTER'S OFFICE NIKOLOUDIS EXITING CAR AND ENTER
  • Embargoed: 24th July 2015 13:00
  • Keywords:
  • Location: Greece
  • Country: Greece
  • Topics: General
  • Reuters ID: LVA1KO47NLA26CT5Y19YSBFOJ79Y
  • Aspect Ratio: 16:9
  • Story Text: Greek Prime Minister Alexis Tsipras raced on Thursday (July 9) to shore up political support for a tough package of tax hikes and pension reforms due within hours if Athens is to win a new aid lifeline from creditors and avoid crashing out of the euro.
    After readying the reforms with advisers, Tsipras met his cabinet to win their backing for a plan likely to include much tougher measures than those included in a previous proposal from creditors that was rejected by Greeks in a referendum on Sunday (July 5).
    But having won wide public support at the referendum and the subsequent backing of opposition parties, an emboldened Tsipras is expected to have an easier time facing down any resistance at home, allowing him to focus on appeasing creditors.
    The offer must go far enough to satisfy sceptical creditors but may face resistance from the hard-left wing of Tsipras' Syriza party and from his junior coalition partner, the Independent Greeks, after the government campaigned and won a resounding 'No' to more austerity in the referendum.
    In a sign of some of the upcoming challenges Tsipras will face, the leader of the far-left flank of his Syriza party came out to denounce any imposition of harsh measures on Greeks.
    Other Syriza lawmakers said they would wait to be briefed on the proposals before deciding their positions.
    Greece's European partners want the reforms proposal on the table by Friday and Athens has promised to produce it on Thursday at the latest. If satisfied, the European leaders would endorse the package on Sunday (July 12), averting a potential Greek exit from Europe's single currency.
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2015. Open For Restrictions - http://about.reuters.com/fulllegal.asp
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