Tuesday 7 July 2015

Greece debt crisis: 'No new plan' as eurozone leaders meet

The eurozone says Greece has submitted no new proposals to secure a deal with creditors ahead of a key meeting of the group's leaders which is now under way.
It had urged Greece to submit fresh plans after its people rejected a draft bailout in a referendum.
Greece said it had proposed a few changes and hoped to secure "a mutually beneficial agreement on the basis of the mandate of the referendum".
But Germany said there was "still no basis" for talks on a new bailout.
Greece debt crisis: Latest updates
The Greek side gave a presentation on Tuesday at a eurozone finance ministers' meeting in Brussels, which preceded the leaders' summit. However, there was no new written plan.
The Greek government said: "Today's Eurogroup was not supposed to take decisions but rather prepare for the summit."

Media caption
German Chancellor Angela Merkel stresses that only days are left to secure a deal
It said proposals it had made last week were still on the table with a "few changes" and they would be discussed later on Tuesday and on Wednesday.
Mr Dijsselbloem said Greece would be sending a new letter requesting support from the European Stability Mechanism (ESM), a pot of money set up in 2012 to fund eurozone members in financial difficulties.
He said the Eurogroup would discuss this on Wednesday but that creditors would have to look at Greece's finances and debt sustainability to see "if we can formally start the negotiations".
Greek PM Alexis Tsipras met German Chancellor Angela Merkel and French President Francois Hollande separately before the leaders' summit.

Analysis: Gavin Lee, BBC News, Europe reporter

Greek Finance Minister Euclid Tsakalotos' accidentally revealed his notes on hotel paper on Tuesday
The first full day at work for Greek finance minister, Euclid Tsakalotos, and he's already found out what it's like to slip-up with the paparazzi. Mr Tsakalotos was photographed with scribbled notes in hand, face-side up - private notes now open to public scrutiny on social media.
The scribbled notes - written in English, conveniently for the press - may not be legible enough to make full sense of his opening gambit but they certainly reveal the tone. The words 'no triumphalism' can be deciphered, attention is drawn to 'AT' - presumably Alexis Tsipras' message on the night of the referendum, and there's also reference to the proposals being rejected "mostly on viability grounds".
Mr Tsakalotos then writes about yesterday's political deal with all parties except the communist KKE - perhaps to draw attention to the overwhelming mandate he believes the Greek government has.
There may be graphologists already studying his writing to get a sense of the man now a key player in determining the future of Greece. In the interim, Mr Tsakalotos may now be scribbling: "Note to self: keep cards close to chest."
Showing your notes: other notable gaffes

The result of the referendum had sparked fears of a Greek exit from the eurozone and the lack of a new written plan was criticised by some in the group.
Mrs Merkel said as she arrived for the leaders' summit: "We still do not have the basis for negotiations... it is not a question of weeks anymore, but a question of a few days."
Malta's Prime Minister Joseph Muscat said the leaders' summit was looking like a "waste of time".
His Dutch counterpart, Mark Rutte, said: "It is really up to the Greek government to come up with far-reaching proposals. If they don't do that, then I think it will be over quickly."
Mr Hollande and Italian Prime Minister Matteo Renzi have been more hopeful of a deal.
Mr Renzi said: "A technical solution for Greece can be found. What is more important is to find a political solution for Europe."
Mr Tsipras will address the European Parliament on Wednesday, a Greek government source said.

View from Germany: Jenny Hill, BBC News, Berlin
A picture of Angela Merkel wearing an old Prussian military helmet dominates the front cover of Bild. "Today," the headline reads "we need the

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