NEWS

Greek proposals positively accepted by European leaders according to sources

Greek proposals positively accepted by European leaders according to sources

Greek diplomatic sources on Monday expressed their content over talks between Prime Minister Alexis Tsipras and the institutions in Brussels.

Greece's primary target is finding a sustainable solution for the Greek economy that aims to protect the low and middle incomes, as well as the social rights.

The same sources reassured that the Greek proposals were positively accepted by the European leaders, adding however, that no specific decisions from the meeting of the eurozone finance ministers are expected.

As to the context of the Greek proposals, they did not get into details as the negotiation phase has not yet been completed.

Government sources also noted that the increase of the VAT rate on islands, the special contribution on companies with more than 500,000 euro profit and a number of other issues are on the negotiation table.

Changes in the pension system, starting with the abolition of early pensions, are also under discussion.

The same sources also ruled out the possibility of banking problems as there is a good cooperation between ECB and the Bank of Greece.