Greek officials have proposed a new plan to break the deadlock, as prime minister Alexis Tsipras warns failure would be the beginning of the end of the eurozone. Latest: Greece submits new planEC: We’re looking into itHelena Smith: Extension until March 2016?Tsipras issues Grexit warning......but still confident a deal is close 9.31am BST Shares are rallying in Athens on hopes of a breakthrough.The ATG index has jumped almost 3%, even though we don’t know what’s in this new proposal, or whether it closes the gap with creditors.#Greece stock market rebounds 2.9% in the aftermath of submission of revised proposal to institutions. #economy #ec #ecb #imf #markets 9.18am BST Over in Athens, there is much talk that a deal that would extend the country’s bailout programme until the autumn (at the very least) is now seriously being pondered (as the Wall Street Journal reported last night)“That would be the time that the government would have to come to a big agreement.” “The Greek government wants an agreement-solution. It wants this to be the last negotiation. The Greek people deserved it.” Continue reading...
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