
Greece's left-wing government has drawn up a 10-point plan to replace 30% of its massive bailout deal, after it easily won a confidence vote late on Tuesday, on the eve of the meeting with EU officials.
Greece will put its plan to Eurozone finance ministers in Brussels. But a swift deal is unlikely, with Greece being warned to abide by bailout terms.
The EU-IMF bailout for debt-laden Greece expires on 28 February and Athens does not want it extended.
The government says the bailout conditions - sweeping public spending cuts and job losses - have impoverished Greece.
It rejects the "troika" team - the EU, International Monetary Fund (IMF) and European Central Bank (ECB) - overseeing implementation of the 182 billion pounds bailout.
Greek Prime Minister Alexis Tsipras's government won a confidence vote on Tuesday evening, as was expected, with the backing of its coalition partner, a small right-wing party.
His government had the support of 162 deputies in the 300-seat parliament "I want to repeat today, no matter how much Schaeuble asks it, we are not going to ask to extend the bailout," Tsipras said, before the vote.
"Schaeuble is proposing irrational things, to ask for a perpetuation of the mistake," he said, referring to the 2010 bailout deal.
The new 10-point plan includes bond swaps to reduce Greece's debt mountain and a proposal to make the primary budget surplus target for this year 1.49% of GDP instead of the 3% demanded by its creditors, a Greek finance ministry source said.
The primary surplus is the surplus before interest payments are included.
GMT 14:02 2018 Sunday ,02 December
RDIF says $2 billion will be invested in Russian economy from joint Russian-Saudi fundGMT 12:03 2018 Friday ,30 November
Canada on track to sign new free trade deal with US and MexicoGMT 07:56 2018 Wednesday ,21 November
Merkel policies in focus in final debate on draft German budgetGMT 14:11 2018 Thursday ,08 November
Greek minister, Russian ambassador discuss possible investment projectsGMT 13:42 2018 Wednesday ,07 November
PM says Russian-Chinese trade turnover may reach $200 blnGMT 11:15 2018 Wednesday ,07 November
Top U.S. diplomat visits Pakistan to discuss economic cooperationGMT 13:53 2018 Thursday ,01 November
Alrosa to sell 127 large gem-quality rough diamonds at an auction in IsraelGMT 10:59 2018 Tuesday ,30 October
Trade turnover between Russia and Japan grows by over 17% in 2018Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor