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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Wednesday, June 24, 2015

Greek Prime Minister Alexis Tsipras says the Troika didn't accept his proposals

Greek Prime Minister Alexis Tsipras says the creditor institutions in charge of Greece's bailout haven't accepted the proposals Athens put forward on Monday that had been seen as a big step toward a deal. Wednesday's meeting of eurozone finance ministers (the Eurogroup) was the first that analysts and participants have seemed confident about in several months. But some of Tsipras' supporters in the Syriza government party that propelled him to power have been critical of the proposal Greece made on Monday, suggesting that it gave far too much away. The Prime Minister is in Brussels at the sidelines of the Eurogroup meeting, to see the heads of the European Commission, European Central Bank (ECB) and International Monetary Fund (IMF). Tsipras' Twitter account said that it's the IMF standing in the way of a deal, suggesting that they either don't want an agreement or are serving "special interests". Greek finance minister Yanis Varoufakis' spokesman Dimitris Yannopoulos called the IMF change of heart "shock doctrine" on Twitter. Athens is trying to unlock a €7.2 billion ($8.2 billion, £5.16 billion) bailout tranche to make debt repayments on June 30 to the International Monetary Fund (IMF) and on July 20 to the European Central Bank (ECB).  Here's Peter Spiegel in the Financial Times, explaining the importance of getting a deal immediately:  Without a deal by tonight, which would then be endorsed at an EU summit on Thursday, eurozone officials worry there will not be enough time for national parliaments to approve an extension of Greece’s current programme before it expires on Tuesday. Without an extension, the remaining €3.6bn in the EU’s portion of the bailout would disappear and Athens would likely default on a €1.5bn loan repayment due to the IMF on Tuesday. Athens stocks slumped as the news broke: Join the conversation about this story » NOW WATCH: Forget the Apple Watch — here's the new watch everyone on Wall Street wants


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