Saturday 18 November 2017

New Greek reform proposal received

Members of the European Parliament hold placards which reads "No - Freedom to Greece" ahead of the speech of Greek Prime Minister Alexis Tsipras at the European Parliament in Strasbourg, France, July 8, 2015. Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin. REUTERS/Vincent Kessler
Greek Prime Minister Alexis Tsipras arrives to address the European Parliament in Strasbourg, France, July 8, 2015. Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin. REUTERS/Vincent Kessler
Greek Finance Minister Euclid Tsakalotos waits for the start of the meeting of eurozone finance ministers in Brussels. Photo: AP
A pensioner waits outside a branch of the National Bank to receive part of his pension in Athens yesterday
A pensioner exits a National Bank branch after receiving part of his pension in Athens, Greece July 8, 2015. Euro zone members have given Greece until the end of the week to come up with a proposal for sweeping reforms in return for loans that will keep the country from crashing out of Europe's currency bloc and into economic ruin. REUTERS/Alkis Konstantinidis
People stand in a queue to enter a bank for limited services, as the front page of newspaper depicting the Greek Prime Minister Alexis Tsipras reading ''Time runs out for a solution before catastrophe'', in Athens. Photo: AP
'Short term, Grexit will be traumatic, wiping out the assets of middle-class Greeks'
(L-R) Dutch Prime Minister Mark Rutte, German Chancellor Angela Merkel, Greek Prime Minister Alexis Tsipras (standing C), Austrian Chancellor Werner Faymann (rear, in red tie), and European Commission President Jean Claude Juncker take part in a euro zone EU leaders emergency summit on the situation in Greece, in Brussels, Belgium, July 7, 2015. Tsipras launched a desperate bid to win fresh aid from sceptical creditors at an emergency euro zone summit on Tuesday, before his country's banks run out of money. REUTERS/Yves Herman
Greek prime minister Alexis Tsipras has addressed the European Parliament (AP)
Greek Prime Minister Alexis Tsipras (L) talks with European Central Bank President Mario Draghi during a euro zone EU leaders emergency summit on the situation in Greece in Brussels, Belgium, July 7, 2015. Greece faces a last chance to stay in the euro zone on Tuesday when Tsipras puts proposals to an emergency euro zone summit after Greek voters resoundingly rejected the austerity terms of a defunct bailout. REUTERS/Yves Herman
People queue at an ATM to withdraw cash in Athens on July 7, 2015. European Commission head Jean-Claude Juncker said that he was against an exit by Greece from the euro, even though Greeks massively rejected bailout terms in a referendum this weekend
Newly-appointed Finance Minister Euclid Tsakalotos (R) and outgoing Yannis Varoufakis embrace at the Finance Ministry after a handover ceremony in Athens
Donations of cash are counted following a collection for the Greek Solidarity Campaign, during a rally in support of Greece at the TUC's Congress House, in London, Britain, July 6, 2015. REUTERS/Peter Nicholls
(L-R) German Chancellor Angela Merkel, Greek Prime Minister Alexis Tsipras, Austrian Chancellor Werner Faymann, European Central Bank President Mario Draghi and European Commission President Jean Claude Juncker take part in a euro zone EU leaders emergency summit on the situation in Greece in Brussels, Belgium, July 7, 2015. Greece faces a last chance to stay in the euro zone on Tuesday when Tsipras puts proposals to an emergency euro zone summit after Greek voters resoundingly rejected the austerity terms of a defunct bailout. REUTERS/Yves Herman
A tourist takes a picture outside the Greek Central Bank
Taoiseach Enda Kenny speaks with British Prime Minister David Cameron during a round table meeting at the EU summit in Brussels
A pensioner waits outside a branch of the National Bank to receive part of his pension in Athens, Greece, July 7, 2015. Greece faces a last chance to stay in the euro zone on Tuesday when Prime Minister Alexis Tsipras puts proposals to an emergency euro zone summit after Greek voters resoundingly rejected the austerity terms of a defunct bailout. REUTERS/Yannis Behrakis
As EU chiefs continue wrangling with a desperate Greek government, the commission said that our bailed-out banks should be allowed to profiteer on the back of mortgage holders
'The leather-clad Greek finance minister failed to endear himself to his eurozone counterparts with his penchant for incendiary comments and brash negotiating tactics'
Pensioners wait to enter a bank as others queue to use the ATMs of the branch in Athens (AP)
Prime Minister Alexis Tsipras vowed Greece would enact reforms quickly in exchange for loans from Europe's bailout fund (AP)
Independent.ie Newsdesk

Independent.ie Newsdesk

The head of the eurogroup has received proposals from the Greek government needed to discuss a deal by Sunday to stave off the country's financial collapse.

Beating a midnight deadline by almost two hours, the spokesman for Dutch eurogroup President Jeroen Dijsselbloem tweeted that the proposals were received and that it was "important for institutions to consider these in their assessment" of the Greek situation.

Eurogroup finance ministers are meeting on Saturday to discuss them and prepare a Sunday summit of European Union government leaders, widely seen as the decisive meeting on the Greek bailout crisis.

Press Association

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