Greece accepts principle of extending current bailout

FXStreet (Córdoba) – According to latest reports, Greece has accepted principle of extending existing bailout, and Prime Minister Alexis Tsipras has told EU leaders he expects a deal within 48 hours.

The summit of EU leaders has reportedly finished in Brussels, while details of the latest Greek proposal have been leaked throughout the day.

Greek proposals include, a new tax on businesses, a new tax on the wealthy
and some increases in the VAT rate on selected items. But there would be no further reductions in pensions or public-sector wages and there would be no increase in VAT on electricity. Additionally, reports say the Greek proposal envisions the ESM buying ECB bonds in the future.

According to latest reports, Greece has accepted principle of extending existing bailout, and Prime Minister Alexis Tsipras has told EU leaders he expects a deal within 48 hours.

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