Greek prime minister Alexis Tsipras put forward proposals at the 11th hour which are to be considered by the Eurogroup – a meeting of the finance ministers of the eurozone.
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“This odd stance seems to indicate that either there is no interest in an agreement or that special interests are being backed”, Tspiras wrote on his official Twitter account. Concern over the lack of progress weighed on financial markets, with stock indexes falling in the USA, where trading was still open.
Bundesbank head Jens Weidmann said in an interview with three European newspapers that “now it’s up to the Greek government to decide in what direction they want to lead their country”.
If Greece does not make the $1.7bn payment due to the IMF on June 30, it will not have access to funding until it clears up its debts, she said, reiterating the fund’s policy on arrears.
However, the commission said, neither the latest version of the document nor a deal could be finalized because of “the unilateral decision of the Greek authorities to abandon the process on the evening of 26 June”. “It’ll be over today”.
The country’s representatives are in Brussels to negotiate what reforms the government should make to get more bailout loans. Now the party could face difficulty in persuading party lawmakers to back a new deal that must be approved by Monday night.
The credit is meant to help the Greek banks cope with an increase in money withdrawals from Greeks concerned about the country’s financial future.
Stathakis insisted that the concessions were mutual.
He was also upbeat about confidence returning in the country.
At the same time, he said that the official creditors – the IMF, European Commission and European Central Bank – which have spurned Greece’s reform proposals this week – are “all on the same page”.
He says creditors are “on the same page” about the need for Athens to introduce deeper reforms.
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He said lending to banks that can’t borrow elsewhere so they can lend to a government in similar straights “raises serious monetary financing concerns”.
