Greece, Creditors Said to Disagree on Sales Tax Proposals
European governments won’t disburse any more emergency loans unless Greece implements a set of economic overhauls including pension and sales tax reform.
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Greece’s proposed tax overhaul isn’t passing muster with the nation’s creditors because it wouldn’t do enough to help the country’s budget, people familiar with the matter said.
Greek Prime Minister Alexis Tsipras told lawmakers the plan won’t gain approval from creditors and that Greece will submit a new offer in coming days, according to another person. The people asked not to be identified speaking on confidential matters.