The Greek Prime Minister, Alexis Tsipras, is holding fresh talks with his country’s creditors as he tries to secure an urgent deal on Athens’ debt.
Greece must repay €1.6bn (£1.1bn) to the International Monetary Fund (IMF) by the end of the month, or face default and possible exit from the EU.
European Union leaders have broadly welcomed Greece’s latest proposals for reforms – but obstacles remain.
Eurozone finance ministers are due to finalise a deal on Wednesday evening. The agreement being formed is believed to include:
- New taxes on businesses and the wealthy
- Selective increases in VAT
- Savings in pensions linked to curbing early retirement and increasing pension contributions
- No further reductions in pensions or public-sector wages – “red lines” for Greece’s Syriza government
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