Tuesday, 23 June 2015

The fate of Greece and the EUR will be decided today



Greece's creditors received new proposals from the Greek government for reforms just hours before today's emergency summit of eurozone leaders.
"The new Greek proposal - received ... This is a good basis for progress at the summit," wrote on Twitter Zelmayr Martin, Chief of Cabinet of the President of the European Commission, Jean-Claude Juncker.
Greece submitted new proposals last night. 
Today, Greek Prime Minister Alexis Tsipras will meet with European Commission President, President of the European Central Bank Mario Draghi, the managing director of the International Monetary Fund Christine Lagarde and President of the Eurogroup Jeroen Deyselblum.

Afterwards will be held an extraordinary meeting of eurozone finance ministers, on which  they will discuss technical details of the Greek proposal.
And tonight begins a summit in Brussels, at which leaders of the eurozone will discuss the rescue of Greece.
"The fate of Greece and the euro to a great extent will be decided today", commented the  European Commissioner for Economic Affairs Pierre Moscovici. According to him, the outcome of the summit will be to prevent the bankruptcy of Greece.

Meanwhile, the French finance minister Michel Sapin welcomed the "good work" of the Greek government and the new proposals for reform.

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