New Talks

June 30th, 2015 5:50 am | by John Jansen |

A Greek newspaper reports new negotiations between Greece and its creditors. According to the Greek Reporter the negotiations would result in a promise by European creditors to restructure Greek debt.

Via the Greek Reporter:

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 European Commission President Jean-Claude Juncker made another unsuccessful offer to Greek Prime minister Alexis Tsipras.

After the Greek government decided to hold a referendum asking its citizens to vote YES/NO on the bailout deal offered to debt-ridden Greece by its creditors, the Governing Council of the European Central Bank made a decision Sunday to freeze the level of emergency liquidity assistance to Greek banks resulting in the implementation of capital controls and fears of Grexit.

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