NEWS

Greece and creditors hold new talks on deal ahead of IMF deadline

Greece and creditors hold new talks on deal ahead of IMF deadline

Greece and its creditors are reportedly working on a yet new last-minute bailout deal ahead of a $1,8 billion loan repayment deadline to the IMF that the country does not have funds to fulfil.

The new improved deal will include a proposal with improved measures for Greece in pensions and sales tax and a much-wanted by the Greek government written promise for a debt restructure by the Eurogroup.

The first hours of Tuesday (30/6) European Commission President Jean-Claude Juncker made another unsuccessful offer to Greek Prime minister Alexis Tsipras.

Greece has been in an economic upheaval after the European Central Bank limited its banks’ liquidity on Sunday (5/7).

Source: greekreporter.com