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Friday, June 19, 2015

Euro zone to discuss handling Greek defaut if no new proposals

By Jan Strupczewski LUXEMBOURG (Reuters) - Euro zone finance ministers will discuss how to hand a looming Greek default at a meeting on Monday unless Athens submits new proposals in the loans-for-reforms talks, EU officials said. The ministers are scheduled to meet at 1300 GMT in Brussels to prepare for an emergency summit of euro zone leaders later that day as the debt-laden country is just days away from a default that could eventually push it out of the euro. For the Eurogroup or the summit to consider a compromise, Greece would first need to submit new proposals on contentious issues such as pension reform and a widening of the tax base for Value Added Tax, the officials said.


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