EUROZONE-GREECE/EU COMMISSION EU Commission says received new Greek proposals on Tuesday

Record ID: 150678

  • Title: EUROZONE-GREECE/EU COMMISSION EU Commission says received new Greek proposals on Tuesday
  • Date: 9th June 2015
  • Summary: BRUSSELS, BELGIUM (RECENT) (REUTERS) EXTERIOR OF EU PARLIAMENT EU FLAGS ENTRANCE GATE TO EU COMMISSION BUILDING
  • Embargoed: 24th June 2015 13:00
  • Keywords:
  • Location: Belgium
  • Country: Belgium
  • Topics: General
  • Reuters ID: LVAAXIIFQJYEGIVZTMBI4RL06DFB
  • Aspect Ratio: 16:9
  • Story Text: The European Commission confirmed on Tuesday (June 9) it had received new proposals from Greece, as Athens is negotiating a new debt deal with its international creditors.
    EU Commission spokesman Margaritis Schinas said the Commission, the European Central Bank and the International Monetary Fund were currently reviewing the proposals.
    "Diverse proposals are being circulated including new suggestions which were received earlier this morning. The three institutions are currently assessing these suggestions with diligence and care," Schinas said.
    The proposal was originally due last Thursday. It is to bridge the remaining differences between Athens and its international creditors on issues like pension or Value Added Tax reform.
    Time is running out as Greece's bailout programme with the European Union and IMF expires at the end of this month, and Athens must make heavy debt repayments by then that may be impossible without funds from the creditors.
    In an Italian newspaper interview published on Tuesday, Greek Prime Minister Alexis Tsipras adopted a more conciliatory tone than last Friday, when he dismissed as "absurd" the creditors' offer of cash in return for promises of further reforms and austerity.
    Since his Syriza party won elections earlier this year, Tsipras has repeatedly denounced the futility of imposing waves of austerity on a country whose economy has already shrunk by a quarter, radically reducing living standards and sending unemployment soaring.
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