US Pledges to Submit Proposals on Greek Economy Development

The United States will put forward proposals on Greece's economic development, the Balkan country's Foreign Minister Nikos Kotzias said Tuesday.

ATHENS (Sputnik) – In February, Athens and Eurozone finance ministers agreed on the extension of Greece's bailout for four months. In return, Athens promised to implement a range of economic reforms.

Greece is required to work out a reform plan before the next meeting with the EU finance ministers on April 24 to receive the next financial aid package.

“[US Secretary of State John] Kerry told me that in a few days they will send us offers that will contribute to the economic development of the country,” Kotzias said on Tuesday, following a meeting with his US counterpart.

According to Kotzias, Washington is interested in the stability of Greece and the region.

On April 7, the United States expressed willingness to mediate talks between Greece and the troika of international creditors — the International Monetary Fund (IMF), the European Union and the European Central Bank, which have provided a bailout totaling more than $250 billion to Athens.

Greece is due to repay another $220 million of its immense debt to the IMF on May 1. The next repayment, of $840 million, is scheduled for May 12.