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Tuesday, May 19, 2015

EU says progress in talks with Greece is slow

Progress in talks between Greece and its creditors on more funding is slow, the European Commission said on Tuesday, denying the existence of a new proposal reported by the Greek press that would give Athens cash on more favourable terms. Greek newspaper To Vima said on Monday the Commission had prepared a possible compromise, proposing that creditors should accept a lower primary surplus target from Greece in return for tax reform and a hike in sales taxes. The report lifted the Athens stock market, but the Commission in Brussels and the Greek government both denied any knowledge of such a proposal.


READ THE ORIGINAL POST AT uk.news.yahoo.com