The Greek government presented a new budget proposal to its creditors so as to unlock funds ahead of yet another summit in Brussels on Wednesday.
Greek Prime Minister Alexis Tsipras will attend an EU summit with South American leaders, German Chancellor Angela Merkel and French President Francois Hollande.
Greece will work to bridge the gap on state finances, putting forward alternative proposals where demands are irrational and unacceptable, Tsipras told the Italian newspaper Corriere Della Sera.
He said Athens cannot accept the demand of creditors on pensions. If Greece gets something good out of these negotiations – for example, an easing of austerity – the road will open for everyone, Tsipras added.
Both creditors and Greece put forward separate proposals last week but they failed to reach an agreement. Tsipras had described the proposal presented by creditors as “absurd.”
Late last week, Greece decided not to repay the EUR 300 million to the International Monetary Fund, due on June 5. Instead, the government asked the lender to bundle the four payments due this month, totaling EUR 1.6 billion into a single payment. IMF rules permit Greece to opt for bundling its loan repayments.
In an interview with the German daily Der Tagesspiegel on Tuesday, Greek finance minister Yanis Varoufakis criticized creditors for making “no concessions.”
Asked what if no solution is found, Varoufakis said “We want a solution.”
“What they propose is not a solution. It is a perpetuating of the crisis,” he said.
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