Last-Minute: Greece dispatches team to secure deal
The leftist government in Athens will offer its international creditors, the EU and IMF, a latest proposal
BRUSSELS:
Greek premier Alexis Tsipras dispatched a team of his top advisers to Brussels on Saturday to thrash out a deal to avert a default by Greece that European officials now say could be imminent. The leftist government in Athens will offer its international creditors, the EU and IMF, a latest proposal it says is enough to end a five-month war of nerves to unlock vital bailout funds, avert a default and keep Greece from crashing out of the euro. The delegation was expected in Brussels later on Saturday and would sit down with top negotiators from the EU commission, the ECB as well as the IMF. The urgency increased exponentially on Friday when Europe’s top economic officials said they had for the first time ever discussed the prospects of Athens defaulting on their huge debts.
Published in The Express Tribune, June 14th, 2015.
Greek premier Alexis Tsipras dispatched a team of his top advisers to Brussels on Saturday to thrash out a deal to avert a default by Greece that European officials now say could be imminent. The leftist government in Athens will offer its international creditors, the EU and IMF, a latest proposal it says is enough to end a five-month war of nerves to unlock vital bailout funds, avert a default and keep Greece from crashing out of the euro. The delegation was expected in Brussels later on Saturday and would sit down with top negotiators from the EU commission, the ECB as well as the IMF. The urgency increased exponentially on Friday when Europe’s top economic officials said they had for the first time ever discussed the prospects of Athens defaulting on their huge debts.
Published in The Express Tribune, June 14th, 2015.