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Go

Greece makes new aid proposal, seeks debt restructuring

The Greek govt proposed today a two-year deal with the ESM to fully cover its financial needs.

FILE: The statement came hours before Athens was set to default on a loan to the International Monetary Fund. It was unclear how creditors would respond. Picture: Supplied.
FILE: The statement came hours before Athens was set to default on a loan to the International Monetary Fund. It was unclear how creditors would respond. Picture: Supplied.
| 1606 days ago

ATHENS - Greece has submitted to creditors a new two-year aid proposal calling for parallel debt restructuring, the office of Prime Minister Alexis Tsipras said on Tuesday, in what seemed like a last ditch effort by Athens to resolve an impasse with lenders.

The statement came hours before Athens was set to default on a loan to the International Monetary Fund.

It was unclear how creditors would respond.

"The Greek government proposed today a two-year deal with the ESM (European Stability Mechanism) to fully cover its financial needs and with parallel debt restructuring," the government said in a statement.

"Greece remains at the negotiating table," the statement said, adding that Athens would always seek a "viable solution to stay in the euro."

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