13:49 GMT27 November 2020
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    Greece's Gordian Knot: Syriza Tackles Austerity (404)

    German Chancellor Angela Merkel, French President Francois Hollande, Greek Prime Minister Alexis Tsipras and European Council President Donald Tusk presented the compromise agreement on Greece's debt issue at Euro summit, a French news agency reported Monday citing a European diplomat.

    MOSCOW (Sputnik) — Earlier, the European leaders in the quadripartite format discussed in Brussels the possibility and terms of additional financial aid to Greece.

    Euro summit will continue its work later in the day to discuss the compromise deal, Tusk's press secretary said.

    On Sunday, the Eurozone finance ministers discussed whether the Athens’ proposals on financial reforms are sufficient to start new round of talks on the Greek bailout.

    The Eurogroup came up with a list of recommendations that the Eurozone leaders are currently considering in Brussels.

    The July 5 referendum, in which the Greeks voted against the last bailout deal, sparked a new wave of speculation about Athens’ possible exit from the eurozone.

    On Thursday, Athens presented a revised plan that includes some of the creditors' requirements, including tax cuts and pension reforms.

    Greece's Gordian Knot: Syriza Tackles Austerity (404)


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