Greece's creditors draft deal to unlock aid, Athens resists

Tue Jun 2, 2015 5:18pm EDT
 
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By Jan Strupczewski and Renee Maltezou

BRUSSELS/ATHENS (Reuters) - Greece's creditors on Tuesday drafted the broad lines of an agreement to put to the leftist government in Athens in a bid to conclude four months of acrimonious negotiations and release aid before the cash-strapped country runs out of money.

The joint effort by the European Commission, the European Central Bank and the International Monetary Fund to set out the terms for a cash-for-reforms deal came after the leaders of Germany and France held emergency talks with those institutions in Berlin on Monday night to press the lenders to bridge their own differences and find a solution.

"It covers all key policy areas and reflects the discussions of recent weeks. It will be discussed with (Greek Prime Minister Alexis) Tsipras tomorrow," a senior EU official said.

Another official said German Chancellor Angela Merkel and French President Francois Hollande would put the plan to Tsipras by telephone within hours to try to secure his acceptance.

A Greek government official said Tsipras would travel to Brussels on Wednesday for a meeting with European Commission President Jean-Claude Juncker in the evening, upon Juncker's request.

"The prime minister will be in Brussels tomorrow with the Greek proposal in his luggage," the official said.

Tsipras, who has vowed not to surrender to more austerity, tried to pre-empt a take-it-or-leave-it offer by the creditors, sending what he called a comprehensive reform proposal to Brussels on Monday before they could complete their version.

Euro zone officials branded the Greek text insufficient and said it was not formally on the table.   Continued...

 
Greek Prime Minister Alexis Tsipras (C) gestures as he is escorted by Minister for Culture, Education and Religious Affairs Aristides Baltas (2nd L), Deputy Minister for Culture, Education and Religious Affairs Stavros Kontonis (R) and government spokesman Gabriel Sakellaridis (rear, 2nd R) during his visit at the ministry in Athens June 2, 2015.  REUTERS/Alkis Konstantinidis