World Economy

Greece at Crucial Point

Greece at Crucial PointGreece at Crucial Point

Prime Minister Alexis Tsipras of Greece was back in Brussels on Wednesday, talking with representatives of his country’s creditors before an evening meeting in which eurozone finance ministers plan to take a hard look at Athens’s latest proposals to end the debt impasse, NewsNow reported. Amid intense speculation that the creditors would demand further measures from Greece, Tsipras told his aides in Athens, just before boarding his flight to Brussels, that “certain lenders” had refused to accept the latest Greek proposals. The measures call for reining in pensions and raising taxes as a way to meet budget targets the creditors are seeking before agreeing to unlock additional bailout money. Meanwhile, Greek Economy Minister Giorgos Stathakis said, “We achieved the most balanced agreement taken into account the circumstances,” In a statement to Mega TV, the minister described the measures “balanced” because as he said, “lenders initially demanded direct pensions and wages cuts and an overall VAT increase on certain categories.”