The Eurogroup will discuss the new request of Greece on financing

The chairman of the Eurogroup Yerun Deisselblum convened an emergency television conference of the Ministers of Finance of the EU countries in order to discuss the new request of Greece on financing. Deisselblum reported this on his Twitter.

Earlier, Bloomberg reported that the Greek government invited international creditors to allocate assistance to Athens through the European stabilization mechanism (ESM). According to the Greek side, the term of the corresponding program could be two years.

In Greece, it was noted that the agreement with ESM could completely cover the financial needs of Athens. In parallel, the Greek side is ready to discuss the restructuring of the existing debt to international creditors.

On the afternoon of June 30, it became known that the head of the European Commission Jean-Claude Junker made the final proposal of Greece, trying to reach an agreement between the parties. The media reported that Greece Prime Minister Alexis Tsipras is studying the proposal of the European regulator.

In turn, the German government stated that it was too late for Greece to negotiate financial assistance within the framework of the program expired at midnight on June 30. German Chancellor Angela Merkel emphasized that it was Athens, and not international lenders, who refused compromises.

Last weekend, Tsipras left the negotiations with the three creditors (IMF, the European Commission and the European Central Bank) and appointed a referendum on July 5, at which the Greeks should decide whether they agree to tighten budget savings in exchange for additional tranches from the outside.

British Prime Minister David Cameron emphasized on June 29 that Greece would have to leave the eurozone if it votes in a referendum against the claims of creditors. At the same time, the Minister of Finance of Germany Wolfgang Shoible noted that even the negative answer of Athens does not mean that Greece should leave the euro zone.