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Tuesday, June 23, 2015, Ashar 9, 1422 BS, Ramadan 5, 1436 Hijr

Greece scrambles for debt deal with fresh plan
Published : Tuesday, 23 June, 2015,  Time : 12:00 AM,  View Count : 10

ATHENS, June 22: Greece's prime minister presented new proposals to European leaders yesterday aimed at ending his country's debt crisis, as Athens announced a frenzied round of meetings ahead of a summit that could determine whether Greece crashes out of the eurozone.
In a telephone call with German Chancellor Angela Merkel, French President Francois Hollande and European Commission President Jean-Claude Juncker, Alexis Tsipras detailed a "mutually beneficial deal", the Greek premier's office said in a statement.
The flurry of diplomatic contacts came as Athens scrambled to reach a deal with its eurozone lenders after five months of deadlock, with Tsipras also scheduled to meet the leaders of its IMF, EU and ECB creditors on Monday before the summit.
Italian Prime Minister Matteo Renzi urged the two sides to seize a "window of opportunity", saying all conditions were in place for them to reach a "win-win accord".
Athens said its new proposals were aimed at reaching a "definitive solution" to end the standoff between Athens and its creditors as fears deepened over a potential "Grexit" from the eurozone.
The heads of the 19 eurozone countries will hold an emergency summit on the crisis in Brussels on Monday under pressure to prevent Greece from defaulting on its debt with a June 30 payment deadline fast approaching.
The head of the European Commission cabinet Martin Selmayr described the Greek proposals as providing a "good basis for progress" at the summit, and alluded to the difficulties in striking a deal by terming the process a "forceps delivery".
Separately, the European Central Bank's governing council will also meet on Monday morning to discuss whether to raise the level of emergency funding to Greek banks yet again, after the country's banking system came under intense pressure with clients withdrawing massive sums in savings.    ?AFP

Editor : Iqbal Sobhan Chowdhury
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