According to Reuters an official who is part of the negotiating teams stated that “We will try to cover as much ground as possible so that the political leaders will be able to make the final steps tomorrow.” This is one of the few optimistic signs regarding the negotiation between Greece and its creditors in the last few days. Earlier on, European sources called the second Greek proposal “…not sufficient to move the process forward…” and “not sufficient and not acceptable to member states”.
At the same time the Greek prime minister faces a rising number of his own party’s members of parliament who ask that the government does not succumb to European pressures and that it will move on to honour its pre-election program. Tsipras will be meeting Syriza’s political secretariat on Tuesday in an attempt to secure the support of a wide range of factions ranging from pro-europeans to hard communists.
In his latest attempt to move closer to the creditor’s demands, Mr.Tsipras left room for some further cuts in pensions and accepted that Greece’s budget surplus should be fractionally higher than what the previous Greek prosposal suggested.
While European leaders clarify that time is running out and the need for a settlement is now urgent, Athens attempts to talk to creditors on Tuesday so that a deal Greece and its creditors can be finalized in Brussels on Wednesday.
Reuters Sees Room for a Deal
Despite Brussels officials calling the second Greek proposal towards its creditors a "meaningless rehash", Reuters believes that an agreement will be achieved at the end of Wednesday.
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