Greek Prime Minister Alexis Tsipras and international creditors have failed to reach a common ground on tax and reform proposals, which adds more doubts over the country’s chances of averting an imminent debt default.
The lack of concrete proposals coming from the Greek side, according to representatives of the lending institutions, is the main stumbling block in its talks with the European Commission, the European Central Bank and the International Monetary Fund (IMF). Such an attitude they say is more likely only to impede progress in the negotiations. Continue reading “Greece rejects ‘exceptionally generous’ counterproposals by creditors”