Greek PM Alexis Tsipras is set to address the Greek parliament after a tense week of negotiations with creditors that ended with no agreement and a missed IMF payment.
Tsipras, after lobbing a series of accusations at the troika last weekend, submitted a "fair" agreement to Merkel, Hollande, Junker, and Draghi ahead of an emergency meeting between the four in Berlin on Monday evening. EU creditors then met with IMF officials on Tuesday and offered a counterproposal which was promptly rejected by Tsipras as unreasonable.
Now, having bought Greece a few weeks by choosing to bundle June's IMF payments, an exasperated Tsipras will speak to Greek lawmakers (including radical members of Syriza) in an attempt to explain why the current troika proposal is wholly unacceptable and gauge what concessions (if any) are possible in order to strike a deal that can be pushed through parliament in time to avert an outright default at the end of the month.
Greek PM office says Brussels proposals were “extreme”; “cannot be accepted” Warning: exclamation marks in statement pic.twitter.com/VKh1uZzevG— Ed Conway (@EdConwaySky) June 5, 2015
- TSIPRAS SAYS GREECE IS IN LAST PHASE OF TALKS
- TSIPRAS: GOVT WANTS MUTUALLY BENEFICIAL EUROPEAN SOLUTION
- TSIPRAS: FINAL SOLUTION TO GREEK CRISIS IS NEEDED FOR EUROPE
- TSIPRAS: GOVT IS HIDING NOTHING FROM GREEK PEOPLE
- TSIPRAS: GREECE MADE COMPLETE PROPOSAL TO CREDITORS
- TSIPRAS: MAIN THRUST OF GREEK PROPOSAL IS LOWER PRIMARY SURPLS
- TSIPRAS: THERE MUST BE SOLUTION TO ISSUE OF GREEK DEBT LEVEL
- TSIPRAS: SOLUTION FOR GREECE MUST PUT END TO GREXIT SCENARIOS
- TSIPRAS: PROPOSAL GIVEN BY JUNCKER WAS UNPLEASANT SURPRISE