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Greece makes new aid proposal, seeks debt restructuring
by Cals Wed 01 Jul 2015, 01:13
Greece makes new aid proposal, seeks debt restructuring
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By Reuters / Reuters | June 30, 2015 : 9:47 PM MYT
ATHENS (June 30): Greece has submitted to creditors a new two-year aid proposal calling for parallel debt restructuring, the office of Prime Minister Alexis Tsipras said on Tuesday, in what seemed like a last-ditch effort by Athens to resolve an impasse with lenders.
The statement came hours before Athens was set to default on a loan to the [size=14]International Monetary Fund. It was unclear how creditors would respond.
"The Greek government proposed today a two-year deal with the ESM (European Stability Mechanism) to fully cover its financial needs and with parallel debt restructuring," the government said in a statement.
"Greece remains at the negotiating table," the statement said, adding that Athens would always seek a "viable solution to stay in the euro."
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By Reuters / Reuters | June 30, 2015 : 9:47 PM MYT
ATHENS (June 30): Greece has submitted to creditors a new two-year aid proposal calling for parallel debt restructuring, the office of Prime Minister Alexis Tsipras said on Tuesday, in what seemed like a last-ditch effort by Athens to resolve an impasse with lenders.
The statement came hours before Athens was set to default on a loan to the [size=14]International Monetary Fund. It was unclear how creditors would respond.
"The Greek government proposed today a two-year deal with the ESM (European Stability Mechanism) to fully cover its financial needs and with parallel debt restructuring," the government said in a statement.
"Greece remains at the negotiating table," the statement said, adding that Athens would always seek a "viable solution to stay in the euro."
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