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Greece-EU, Tsipras counter-proposal: ESM bailout and debt cut

After the proposal arrived in extremis from Juncker, Athens would have requested the intervention of the ESM state-saving fund for two years to carry out a debt restructuring.

Greece-EU, Tsipras counter-proposal: ESM bailout and debt cut

The Greek premier Alexis Tsipras would have sent a letter to Brussels with his counter-proposal to international creditors. The text was addressed to Jean Claude Juncker, Mario Draghi, François Hollande, Angela Merkel and Jeroen Dijsselbloem. The Ansa agency writes it.

According to France Presse, which cites Greek government sources, Greece responded to Juncker's last-minute offer by proposing a two-year financing agreement.

Reuters specifies that Athens would have requested the intervention of the ESM state-saving fund for two years to carry out a debt restructuring. 

Some Greek media, on the other hand, wrote that Tsipras was today on the verge of accepting the new proposal that arrived at the last minute from the president of the EU Commission. 

However, German government sources have announced that "it is too late for the extension of the programme" of aid, which expires today, together with the total loan of 1,6 billion with the International Monetary Fund. 

“All I know is that the latest offer from the European Commission that I know of was on Friday last week,” Angela Merkel clarified.

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