Greece submits new proposal to creditors including demands for further fundingAFP reports that Greece has submitted a three page proposal to its creditors this morning in an attempt to reach an agreement, specifically on the issue of primary surplus targets, with Athens coming closer to meeting the creditors’ demands. Bloomberg reports that Greece also submitted a separate document which requests further ESM loans to pay off the €6.7bn in bonds held by the ECB which come due in July and August, as well as use of the €10.9bn in remaining funds from the bank bailout and an increase in the …read more
Source: Open Europe
