Greece proposes new bailout package, agrees to tax hikes

Greece proposes new bailout package, agrees to tax hikes

Greek Prime Minister Alexis Tsipras has met a deadline imposed by Euro zone leaders, to submit new proposals for economic reforms to tackle the country’s debt crisis.

A spokesperson for the chair of the Eurogroup Jeroen Dijsselbloem has confirmed the proposals were received two hours before the midnight deadline.

The reform proposals will be considered by euro zone finance ministers tomorrow, and then at a full EU summit on Sunday.

Ms Tsipras is seeking a third bailout package from international creditors, reportedly for 13 billion euros over two years.

The text of the proposals have reportedly been obtained by Australian Associated Press, and shows Greece has agreed to longstanding demands for tax hikes and spending cuts.

The proposals are a last-ditch effort to end the dead lock with international creditors, and secure a third bailout package for Greece.

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Libby Dreyer
Libby Dreyer 1729 posts

Libby has worked as a Senior Journalist at National Radio News since February 2011. She graduated with a Bachelor of Journalism from the University of Canberra in December 2010.

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