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June 23, 2015

Greek Concessions Raise Hopes for Bailout Deal This Week 
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European creditors say a deal to prevent Greece from defaulting on its
debts could be reached in the next 48 hours. Greece's latest offer
reportedly includes new taxes on businesses and the wealthy, and a
pension reform plan which increases contributions and restricts early
retirement but does not change the pension rate. European Council
President Donald Tusk expressed support for the measures.

Donald Tusk: "The new Greek proposals to the three institutions are a
positive step forward, according to the initial assessment of the
institutions. They will be further assessed over the coming hours. Work
must now proceed swiftly in the Eurogroup. Prime Minister Tsipras and
the institutions will work together now so that the Eurogroup can
achieve results on Wednesday evening that can be presented Thursday
morning."

 

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