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Greece puts forward proposals for €53 billion rescue deal

Greece has offered to raise taxes and reform pensions in a last ditch effort to secure a new €53 bil...
TodayFM
TodayFM

8:54 AM - 10 Jul 2015



Greece puts forward proposals...

News

Greece puts forward proposals for €53 billion rescue deal

TodayFM
TodayFM

8:54 AM - 10 Jul 2015



Greece has offered to raise taxes and reform pensions in a last ditch effort to secure a new €53 billion bailout and stay in the Eurozone.

The plan was submitted just two hours ahead of the midnight deadline last night.

All 28 EU leaders will meet to discuss the proposals on Sunday and make a decision on Greece's future.

Greek Prime Minister Alexis Tsipras spent much of yesterday with his ministers drawing up this plan - which will be decisive to his country's fate in the Euro.

It contains measures like tax hikes and pension reform - which have been sought by its creditors - as well as moves to privatise ports and airports and end tax cuts for the Greek islands.

According to reports in Athens, the package is even tougher than the one rejected by over 60 per cent of Greek voters in last weekend's referendum.

It's now been submitted to EuroGroup chief Jeroen Djisselbloem - whose officials will study it ahead of Sunday's make-or-break summit of EU leaders.

If they reject it, Greece will default on its debt - and almost certainly find itself outside of the Eurozone.

The plan will first go before the Greek parliament later today.



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