This site uses cookies. By accepting cookies you can optimise your browsing experience. Read more.
Belgium: Greek FinMin arrives for crunch debt talks00:19

Belgium: Greek FinMin arrives for crunch debt talks

Belgium, Brussels
July 12, 2015 at 19:56 GMT +00:00 · Published

Greek Finance Minister Euclid Tsakalotos arrived for talks on Greece's bailout proposals at an informal meeting of euro zone finance ministers at the Lex building in Brussels, Sunday.

A nine-hour meeting of euro zone finance ministers was adjourned earlier Sunday morning, with Eurogroup President Jeroen Dijsselbloem describing negotiations as "very difficult."

A formal meeting of the Eurogroup leaders is now scheduled to start at 14:00 GMT, European Council President Donald Tusk announced Sunday, following the cancellation of a European Council Summit scheduled for the same day. The negotiations come exactly a week after Greek voters rejected the terms of a bailout in a referendum.

Members of the Hellenic Parliament voted to back Greek Prime Minister Alexis Tsipras' new bailout plan, early Saturday, paving the way for Sunday's negotiations with Brussels. The new Greek proposal offers economic reforms in exchange for a new three-year €53.50 billion ($60 billion) bailout package. Tsipras won the support of 250 out of 300 MPs.

The new proposals reportedly include the privatisation of regional airports and seaports, raising the retirement age to 67 by 2022, abolishing solidarity instalments for poorer pensioners before 2020, increasing the number of items with a 23 percent tax rate, cutting military spending by €300 million ($335 million) over the next two years and raising corporation tax to 28 percent.

Belgium: Greek FinMin arrives for crunch debt talks00:19
Pool for subscribers only
No Account? Sign up!
Description

Greek Finance Minister Euclid Tsakalotos arrived for talks on Greece's bailout proposals at an informal meeting of euro zone finance ministers at the Lex building in Brussels, Sunday.

A nine-hour meeting of euro zone finance ministers was adjourned earlier Sunday morning, with Eurogroup President Jeroen Dijsselbloem describing negotiations as "very difficult."

A formal meeting of the Eurogroup leaders is now scheduled to start at 14:00 GMT, European Council President Donald Tusk announced Sunday, following the cancellation of a European Council Summit scheduled for the same day. The negotiations come exactly a week after Greek voters rejected the terms of a bailout in a referendum.

Members of the Hellenic Parliament voted to back Greek Prime Minister Alexis Tsipras' new bailout plan, early Saturday, paving the way for Sunday's negotiations with Brussels. The new Greek proposal offers economic reforms in exchange for a new three-year €53.50 billion ($60 billion) bailout package. Tsipras won the support of 250 out of 300 MPs.

The new proposals reportedly include the privatisation of regional airports and seaports, raising the retirement age to 67 by 2022, abolishing solidarity instalments for poorer pensioners before 2020, increasing the number of items with a 23 percent tax rate, cutting military spending by €300 million ($335 million) over the next two years and raising corporation tax to 28 percent.

Top downloads in last 24 hours
Pool for subscribers only
02:46
Iran: Revolutionary Guard Corps' Chief Salami oversees military drills in central desertIran: Revolutionary Guard Corps' Chief Salami oversees military drills in central desert
January 15, 2021 at 17:58 GMT +00:00
01:26
See Europe’s highest tower covered with ice and snowSee Europe’s highest tower covered with ice and snow
January 15, 2021 at 20:03 GMT +00:00
03:44
India: Huge crowds ignore coronavirus norms to attend bull-taming festivalIndia: Huge crowds ignore coronavirus norms to attend bull-taming festival
January 16, 2021 at 04:50 GMT +00:00
04:45
Newlywed groom thrown into snow for good luck in 300-y/o Japanese traditionNewlywed groom thrown into snow for good luck in 300-y/o Japanese tradition
January 16, 2021 at 01:13 GMT +00:00
00:46
When deer met cat! See how unexpected encounter in Villetta Barrea unfoldsWhen deer met cat! See how unexpected encounter in Villetta Barrea unfolds
January 15, 2021 at 14:00 GMT +00:00
03:03
UK: Temporary mortuary that can hold up to 1,300 bodies opens in west LondonUK: Temporary mortuary that can hold up to 1,300 bodies opens in west London
January 15, 2021 at 23:25 GMT +00:00
Pool for subscribers only
02:03
Germany: Armin Laschet, NRW minister-president and close Merkel ally, elected as new CDU leaderGermany: Armin Laschet, NRW minister-president and close Merkel ally, elected as new CDU leader
January 16, 2021 at 12:15 GMT +00:00
02:53
Netherlands: 'It was reasonable' - Legal Protection minister on govt resignationNetherlands: 'It was reasonable' - Legal Protection minister on govt resignation
January 15, 2021 at 19:04 GMT +00:00
02:30
USA: Thousands of troops guard Capitol as DC ramps up security for Biden's inaugurationUSA: Thousands of troops guard Capitol as DC ramps up security for Biden's inauguration
January 15, 2021 at 00:25 GMT +00:00
Pool for subscribers only
00:24
State of Palestine: Abbas signs decree announcing first elections since 2006State of Palestine: Abbas signs decree announcing first elections since 2006
January 15, 2021 at 21:13 GMT +00:00
03:56
Yemen: Children attend tent school at IDP camp near Marib as conflict, coronavirus disrupt educationYemen: Children attend tent school at IDP camp near Marib as conflict, coronavirus disrupt education
January 15, 2021 at 06:34 GMT +00:00
03:44
India: Thousands of Hindus crowd Ganges for Kumbh Mela festival despite pandemicIndia: Thousands of Hindus crowd Ganges for Kumbh Mela festival despite pandemic
January 15, 2021 at 20:06 GMT +00:00
03:55
USA: Thousand of National Guard troops heighten security at US Capitol ahead of Biden inaugurationUSA: Thousand of National Guard troops heighten security at US Capitol ahead of Biden inauguration
January 16, 2021 at 01:05 GMT +00:00
02:37
Italy: Rome police fine owners of bars remaining open to protest curfewItaly: Rome police fine owners of bars remaining open to protest curfew
January 15, 2021 at 23:24 GMT +00:00
01:15
Germany: Refugee reception facility to be converted into jail for COVID quarantine-breakersGermany: Refugee reception facility to be converted into jail for COVID quarantine-breakers
January 16, 2021 at 09:53 GMT +00:00
02:29
Austria: COVID sceptics hold rally in ViennaAustria: COVID sceptics hold rally in Vienna
January 16, 2021 at 12:45 GMT +00:00
02:42
Chile: Police turn water cannon on anti-government protestersChile: Police turn water cannon on anti-government protesters
January 16, 2021 at 02:55 GMT +00:00
02:12
Brazil: Planes bring oxygen to Manaus and airlift patients to other states amid COVID surgeBrazil: Planes bring oxygen to Manaus and airlift patients to other states amid COVID surge
January 16, 2021 at 03:18 GMT +00:00
Pool for subscribers only
01:37
Spanish zoo names baby zebra Filomena after birth during historic snowstormSpanish zoo names baby zebra Filomena after birth during historic snowstorm
January 15, 2021 at 13:44 GMT +00:00
01:45
Brazil: Sao Paulo residents stage pot-banging protest against Bolsonaro from their balconiesBrazil: Sao Paulo residents stage pot-banging protest against Bolsonaro from their balconies
January 16, 2021 at 02:10 GMT +00:00
View all videos