Greece sends bailout compromise proposal to its creditors

Greek officials say the country has sent its proposals for a last-minute compromise that would break a deadlock with European creditors over its frozen bailout program. No details were provided Thursday, although Athens has already said it will request an extension of the loan program that has kept it from bankruptcy since 2010. Crucially, however, it is unclear to what extent the weeks-old radical left-led government will accept the spending cuts, high taxation and reforms that have been a key condition of the bailout. Greek shares rose 2 percent on the news in morning trading.

via ynetnews.com

Source: http://www.ynetnews.com/articles/0,7340,L-4628631,00.html

Leave a Reply

Your email address will not be published. Required fields are marked *