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Wednesday, July 1, 2015

Tsipras 'Ready to Accept' Lenders' Conditions

Greek Prime Minister Alexis Tsipras has reportedly said his country is prepared to accept conditions offered by lenders with only a few changes, the FT claims.The prominent newspaper cites a copy of a letter Tsipras sent "late Tuesday night". The letter was sent out the the heads of the European Commission, the International Monetary Fund, and the European Central Bank. It reads that Greece is ready to accept all but one of the proposed reforms in the value-added tax system, with the exception of a special 30% discount for Greek islands which Tsipras says should remain in place.A delayed timetable of the pension reform is also requested. This comes as a Eurogroup meeting scheduled for Wednesday morning was postponed for a few hours. Got my hands on new @atsipras letter conceding on almost all points. QUick story here: http://t.co/VsdKLnWw8M pic.twitter.com/kHIVrvpOBi — Peter Spiegel (@SpiegelPeter) July 1, 2015 In the snapshot pasted above, Tsipras says the amendments "fully respect the robustness and credibility of the design of the overall program".This comes just less than 12 hours after Athens missed a debt payment to the International Monetary Fund (IMF) and a few days before a planned referendum aimed at asking Greeks whether they accept or do not accept the bailout program.More to follow.


READ THE ORIGINAL POST AT www.novinite.com