BRUSSELS / ATHENS Greece’s international creditors ended on Tuesday a general draft of an agreement to submit to the leftist government an attempt to end four months of acrimonious negotiations and provide financial assistance before the indebted country runs out of cash.
The proposal was drafted after the leaders of Germany and France met emergency with officials from the European Commission, the European Central Bank and the International Monetary Fund (IMF) on Monday night, pressuring them to settle their own differences and reach a solution with Greece.
“It covers all the key policy areas and reflects the discussions of recent weeks. It will be discussed with Greek Prime Minister Alexis Tsipras morning, “said a senior official of the European Union.
Another server said that German Chancellor Angela Merkel and French President Francois Hollande, presented the plan to Tsipras telephone within a few hours to try to ensure approval.
A Greek government official said Tsipras travel to Brussels, Belgium, today, to meet with the President of the European Commission, Jean-Claude Juncker, at the request of the latter.
Tsipras, who has vowed not to resign themselves to further austerity measures at home, tried to pre-empt an offer to “take it or leave it” from your creditors, sent to Brussels on Monday what it called a comprehensive reform proposal before completed his lenders.
Servers in the euro area said that the Greek text was inadequate and it was not making a formal presentation discussion.
The leader of Greece facing a backlash from their own supporters if you have to accept cuts in pensions and employment protection to avoid defaulting on its debt and keep the country within the euro zone.
Despite his defiant rhetoric, Tsipras is likely to have to resign themselves to painful reforms to the pension system and the labor market, facing the alternative of taking them to the Parliament, with the risk of unleashing a revolt in his party or call a Syriza- anticipated referendum.
Private aid and access to bond markets, Greece is close to running out of money and has threatened not to meet payments to the IMF this week if there is no agreement. Reuters
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