Greek Prime Minister Alexis Tsipras presented new proposals to European
leaders today aimed at ending his country's debt crisis, on the eve 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, Tsipras detailed a "mutually beneficial deal", the Greek premier's office said in a statement.
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".
Greece Athens said its new proposals were aimed at reaching a "definitive solution" to the five-month standoff between Athens and its creditors - the European Commission, International Monetary Fund and European Central Bank - 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 June 22,2015 under pressure to prevent Greece from defaulting on its debt with a June 30 payment deadline fast approaching.
Note
Failing a deal, Greece is likely to default on an IMF debt payment of around 1.5 billion euros ($1.7 billion) due on June 30, setting up a potentially chaotic exit from the eurozone.
In a telephone call with German Chancellor Angela Merkel, French President Francois Hollande and European Commission President Jean-Claude Juncker, Tsipras detailed a "mutually beneficial deal", the Greek premier's office said in a statement.
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".
Greece Athens said its new proposals were aimed at reaching a "definitive solution" to the five-month standoff between Athens and its creditors - the European Commission, International Monetary Fund and European Central Bank - 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 June 22,2015 under pressure to prevent Greece from defaulting on its debt with a June 30 payment deadline fast approaching.
Note
Failing a deal, Greece is likely to default on an IMF debt payment of around 1.5 billion euros ($1.7 billion) due on June 30, setting up a potentially chaotic exit from the eurozone.
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