The Greek government submitted economic reform proposals to its creditors, just two hours before their midnight deadline, eurozone officials said.
The package of reforms and spending cuts includes pension savings and tax increases, and will be presented to the Greek Parliament on Friday, Bloomberg reports. The proposal is for a three-year bailout loan of at least €53.5 billion ($59.2 billion), and also calls for the restructuring of Greece's debt. It is similar to the proposal the European Commission offered on June 26. On Sunday, EU leaders will hold a summit to decide if Greece will receive another bailout or leave the currency. In a referendum last Sunday, the country voted to reject the last bailout deal from creditors.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
Today's political cartoons - May 11, 2024Cartoons Saturday's cartoons - bathroom blues, family feud, and more
-
5 blustery cartoons about the Stormy Daniels testimonyCartoons Artists take on gag orders, lurid details, and more
-
The Idea of You review: 'impossible escapism' starring Anne HathawayThe Week Recommends Steamy romcom about a 40-year-old who falls for a boy band singer
-
Puffed rice and yoga: inside the collapsed tunnel where Indian workers await rescueSpeed Read Workers trapped in collapsed tunnel are suffering from dysentery and anxiety over their rescue
-
More than 2,000 dead following massive earthquake in MoroccoSpeed Read
-
Mexico's next president will almost certainly be its 1st female presidentSpeed Read
-
North Korea's Kim to visit Putin in eastern Russia to discuss arms sales for Ukraine war, U.S. saysSpeed Read
-
Gabon's military leader sworn in following coup in latest African uprisingSpeed Read
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstancesSpeed Read
-
Western mountain climbers allegedly left Pakistani porter to die on K2Speed Read
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governorSpeed Read
