Dueling Greece Plans Presented Complicating Race for Deal
Have Marathon Debt Talks Moved Greece Closer to a Deal?
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Euro-area finance ministers were faced with competing proposals aimed at resolving the standoff with Greece after talks between Prime Minister Alexis Tsipras and his country’s creditors failed to produce a compromise position.
Greece’s three creditor institutions unanimously agreed on a set of documents that were sent to finance chiefs to review as the basis for a deal, even though Greece didn’t accept them, according to European Union official. Greece submitted its own proposals, a Greek government official said. German Finance Minister Wolfgang Schaeuble said, rather than making progress, the Greeks had moved “backwards.”