EC publishes final proposals for Greek bailout

Juncker to give emergency press conference Monday

EC publishes final proposals for Greek bailout

World Bulletin / News Desk 

The European Commission president Jean-Claude Juncker will give an emergency press conference at 12.00 p.m. local time (1000GMT) in Brussels to address the situation in Greece.

The Greek government closed banks and imposed capital controls on withdrawals until July 6, the day after Greeks vote on a referendum to accept or reject bailout terms proposed by its European creditors.

The Commission on Sunday published a final proposal made by creditors to continue the Greek bailout, which had not been formally presented to the Greek government, due to its determination to hold a referendum on the bailout on Sunday.

The statement said that the proposals took into account deliberations with the International Monetary Fund (IMF), the European Central Bank, and the Eurogroup of finance ministers.

"Discussions on this text were ongoing with the Greek authorities on Friday night in view of the Eurogroup of 27 June 2015. The understanding of all parties involved was that this Eurogroup meeting should achieve a comprehensive deal for Greece, one that would have included not just the measures to be jointly agreed, but would also have addressed future financing needs and the sustainability of the Greek debt," the statement said.

"It also included support for a Commission-led package for a new start for jobs and growth in Greece, boosting recovery of and investment in the real economy, which was discussed and endorsed by the College of Commissioners on Wednesday 24 June 2015," the statement added.

Güncelleme Tarihi: 29 Haziran 2015, 11:22