AIRLINK 74.60 Decreased By ▼ -0.65 (-0.86%)
BOP 5.14 Increased By ▲ 0.03 (0.59%)
CNERGY 4.50 Decreased By ▼ -0.10 (-2.17%)
DFML 33.00 Increased By ▲ 0.47 (1.44%)
DGKC 88.90 Decreased By ▼ -1.45 (-1.6%)
FCCL 22.55 Decreased By ▼ -0.43 (-1.87%)
FFBL 32.70 Decreased By ▼ -0.87 (-2.59%)
FFL 9.84 Decreased By ▼ -0.20 (-1.99%)
GGL 10.88 Decreased By ▼ -0.17 (-1.54%)
HBL 115.31 Increased By ▲ 0.41 (0.36%)
HUBC 136.63 Decreased By ▼ -0.71 (-0.52%)
HUMNL 9.97 Increased By ▲ 0.44 (4.62%)
KEL 4.63 Decreased By ▼ -0.03 (-0.64%)
KOSM 4.70 No Change ▼ 0.00 (0%)
MLCF 39.70 Decreased By ▼ -0.84 (-2.07%)
OGDC 138.96 Decreased By ▼ -0.79 (-0.57%)
PAEL 26.89 Decreased By ▼ -0.76 (-2.75%)
PIAA 25.15 Increased By ▲ 0.75 (3.07%)
PIBTL 6.84 Decreased By ▼ -0.08 (-1.16%)
PPL 122.74 Decreased By ▼ -2.56 (-2.04%)
PRL 27.01 Decreased By ▼ -0.54 (-1.96%)
PTC 14.00 Decreased By ▼ -0.15 (-1.06%)
SEARL 59.47 Decreased By ▼ -2.38 (-3.85%)
SNGP 71.15 Decreased By ▼ -1.83 (-2.51%)
SSGC 10.44 Decreased By ▼ -0.15 (-1.42%)
TELE 8.65 Decreased By ▼ -0.13 (-1.48%)
TPLP 11.51 Decreased By ▼ -0.22 (-1.88%)
TRG 65.13 Decreased By ▼ -1.47 (-2.21%)
UNITY 25.80 Increased By ▲ 0.65 (2.58%)
WTL 1.41 Decreased By ▼ -0.03 (-2.08%)
BR100 7,819 Increased By 16.2 (0.21%)
BR30 25,577 Decreased By -238.9 (-0.93%)
KSE100 74,664 Increased By 132.8 (0.18%)
KSE30 24,072 Increased By 117.1 (0.49%)

imageATHENS: Greek Prime Minister Alexis Tsipras sought Tuesday to muster domestic support for his government in its tug-of-war with EU-IMF creditors over a deal to save Greece from default.

Tsipras was meeting with a top conservative politician and the leaders of the socialist and pro-EU parties as Greece came under pressure to compromise with no new proposals in the offing.

The radical left government in Athens is resisting calls from the international creditors to increase taxes and pension savings, arguing that such measures have already failed to revive the recession-hit Greek economy.

Greece's EU-IMF bailout expires on June 30, and it had been hoped that a deal could be reached by Thursday when the eurozone's 19 finance ministers, who control the purse strings of the rescue programme, meet in Luxembourg.

Also at the end of the month, Greece faces a 1.6 billion euro payment to the IMF, with another 6.7 billion euros due to the European Central Bank in July and August, which Greek officials have said the government cannot afford.

But Greek Finance Minister Yanis Varoufakis on Tuesday said Athens will not bring a list of new reform measures to the meeting.

"The Eurogroup is not the right place to present proposals which haven't been discussed and negotiated on a lower level before," Varoufakis told the German mass-circulation daily Bild.

But he said the Greek negotiation team is "available at any time" to find a comprehensive solution with its partners "on condition that their representatives come to the table with a firm and clear mandate."

The talks concerning the release of the 7.2 billion euros ($8.1 billion) in rescue funds remaining in Greece's bailout have dragged on for five months.

A European Commission spokeswoman on Monday said the EU and the IMF had already made "major concessions" to Greece.

"We are not far from a solution but as long as there is no solution there could be a crisis," French President Francois Hollande said during a visit to Algeria.

He called on Greece to make "alternative proposals" and insisted that "everything possible must be done" to keep the country in the eurozone.

Copyright AFP (Agence France-Presse), 2015

Comments

Comments are closed.