News Greece Deadline looming for Athens as final proposal drawn up

Deadline looming for Athens as final proposal drawn up

The heads of both the International Monetary Fund and the European Central Bank have attended talks in Berlin in an attempt to reach a deal with Athens.
 
They joined German Chancellor Angela Merkel, French President Francois Hollande and European Commission head Jean-Claude Juncker at the meeting.
 
The aim was to come up with "a final proposal" to present to Athens, according to reports.
 
There are fears Greece does not have the necessary funds to pay and could default on the debt, ultimately leading to its exit from the eurozone.
 
The country remains at a deadlock with international creditors over the release of €7.2bn in remaining bailout funds.
 
The IMF, ECB and the European Commission want further austerity reforms in return for the cash, which the left-led Greek government is refusing.
 
According to Merkel's spokesman, Steffen Seibert, the five officials discussed the progress of the negotiations between Greece and the institutions and agreed on intense efforts to reach a deal while maintaining a close contact with the Greek government.
 
Sources: ANA-MPA, BBC 
 
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