Greeks Handed New Paper to Finance Ministers, Schelling Says

The Greek government presented euro-area finance chiefs with a paper as the basis for an agreement to resolve a standoff over aid, Austrian Finance Minister Hans Joerg Schelling said.

Ministers will now study the Greek paper, which arrived “three minutes ago,” to see whether it meets the terms of creditors, he told reporters in Brussels Thursday as he arrived for the fourth meeting of his euro-area counterparts in a week.

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