Greece and its creditors are reportedly working on yet a 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.
Greek radio station Real fm reported that 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.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
