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Eurozone urges Greece to submit fresh plans

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Joseph MuscatMalta’s Prime Minister has said that Greece has submitted “no concrete proposal” for a new bailout, at a key meeting of eurozone Finance Ministers.

Joseph Muscat tweeted that this doesn’t help this evening’s eurozone leaders’ meeting in Brussels. The eurozone had urged Greece to submit fresh plans after its people rejected a new draft bailout in a referendum.

Greek Prime Minister Alexis Tsipras is to address the European Parliament tomorrow. Reports say that the Greek side gave a presentation at the Finance Ministers’ meeting today. However, sources said there was no new written plan. One source say they will submit a new request and outline of proposals, may be tomorrow.

Reflecting the level of difficulty at the meeting, another Eurozone official said if they really plan to present something formal tomorrow, they may not find anyone to read it. Tsipras has been reported to want Greece’s vast 356 billion dollars debt to be cut by up to 30 per cent, with a 20-year grace period.

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