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Greece Said to Offer Euro Area Four Principles for Talks

Greek Finance Minister Yanis Varoufakis on Feb.11, 2015 in Athens.

Greek Finance Minister Yanis Varoufakis on Feb.11, 2015 in Athens.

Photographer: Aris Mess/AFP/Getty Images

Greek Finance Minister Yanis Varoufakis presented his European counterparts with four principles for a new financing deal, according to two euro-area officials, as Greece battles to stave off a cash crunch and stay in the currency bloc.

Greece wants a deal that provides for financial stability, financial sustainability and debt restructuring, while addressing Greece’s humanitarian crisis, Varoufakis said during talks Wednesday in Brussels without offering details, according to the officials, who asked not to be named because the talks are private.