Translated material
Greece makes 'final offer' to EU to resolve debt crisis
Greek Prime Minister Alexis Tsipras has delivered a "final proposal" to European creditors to resolve the crisis with debt payments.
In a telephone conversation with German Chancellor Angela Merkel, French President Francois Hollande and European Commission President Jean-Claude Juncker, Tsipras assured that it was "a proposal that would fully suit all parties," the press service of the Greek Prime Minister said.
The details of the “final proposal” prepared by Greece were not disclosed in the message of the press service of Tsipras.
Greece needs to resolve the issue of settling its debt to creditors by June 30, the day the loan of 1.5 billion euros expires.
According to The Sunday Times , the German authorities issued an ultimatum to Greece, saying that if an agreement with creditors is not reached by June 30, then Athens will have to leave the eurozone.
Angela Merkel's associates in the Christian Democratic Union, Reuters reports , in turn called on the German Chancellor not to make concessions to Athens in order to prevent Greece from leaving the eurozone.
The situation with the settlement of the debt of Greece will be the main topic of the emergency EU summit, which will be held June 22 in Brussels.
Greece's proposal will be the "final solution" to the debt-settling crisis, Tsipras' press office said.
- Shortly after the start of the global financial crisis in 2008, Greece was on the verge of default. The budget deficit of this country was several times higher than the GDP. International creditors have agreed to provide financial assistance to Greece, demanding in return for its receipt to accept the program of austerity.
- In January 2015, the SYRIZA party came to power in Greece, led by Alexis Tsipras, who took over as prime minister. Tsipras has repeatedly stated that he intends to renegotiate the terms of agreements with international creditors, who, in exchange for financial assistance, demanded that the Greek authorities carry out a series of unpopular reforms.
- Both Greece and creditors have indicated their readiness to extend the financial assistance program, which expires at the end of June, until March 2016. However, so far, despite several rounds of negotiations, they have not been able to agree on terms that would suit both sides.