Creditors have reportedly rejected Greek bailout proposals

Alexis Tsipras is fighting to keep his job, and to keep Greece in Europe
(Image credit: Milos Bicanski/Getty Images)

Greek Prime Minister Alexis Tsipras is meeting with his country's three main creditors on Thursday — the International Monetary Fund, the European Commission, and the European Central Bank — and he is complaining that "certain" creditors have rejected some of his government's proposals to receive a new round of financing, a Greek official tells Reuters.

The creditors want Greece to lower its proposed corporate tax hike, raise its proposed value-added tax (VAT) on consumer goods, and make larger, faster cuts to its pension system, The Wall Street Journal reports, citing a copy of Greece's proposal annotated by the creditors. European officials want the disagreements ironed out before a eurozone finance ministers meeting on Thursday.

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Peter Weber, The Week US

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.