AIRLINK 80.60 Increased By ▲ 1.19 (1.5%)
BOP 5.26 Decreased By ▼ -0.07 (-1.31%)
CNERGY 4.52 Increased By ▲ 0.14 (3.2%)
DFML 34.50 Increased By ▲ 1.31 (3.95%)
DGKC 78.90 Increased By ▲ 2.03 (2.64%)
FCCL 20.85 Increased By ▲ 0.32 (1.56%)
FFBL 33.78 Increased By ▲ 2.38 (7.58%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.11 Decreased By ▼ -0.14 (-1.37%)
HBL 117.85 Decreased By ▼ -0.08 (-0.07%)
HUBC 137.80 Increased By ▲ 3.70 (2.76%)
HUMNL 7.05 Increased By ▲ 0.05 (0.71%)
KEL 4.59 Decreased By ▼ -0.08 (-1.71%)
KOSM 4.56 Decreased By ▼ -0.18 (-3.8%)
MLCF 37.80 Increased By ▲ 0.36 (0.96%)
OGDC 137.20 Increased By ▲ 0.50 (0.37%)
PAEL 22.80 Decreased By ▼ -0.35 (-1.51%)
PIAA 26.57 Increased By ▲ 0.02 (0.08%)
PIBTL 6.76 Decreased By ▼ -0.24 (-3.43%)
PPL 114.30 Increased By ▲ 0.55 (0.48%)
PRL 27.33 Decreased By ▼ -0.19 (-0.69%)
PTC 14.59 Decreased By ▼ -0.16 (-1.08%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.75 Decreased By ▼ -0.75 (-1.11%)
SSGC 11.00 Decreased By ▼ -0.09 (-0.81%)
TELE 9.11 Decreased By ▼ -0.12 (-1.3%)
TPLP 11.46 Decreased By ▼ -0.10 (-0.87%)
TRG 70.23 Decreased By ▼ -1.87 (-2.59%)
UNITY 25.20 Increased By ▲ 0.38 (1.53%)
WTL 1.33 Decreased By ▼ -0.07 (-5%)
BR100 7,626 Increased By 100.3 (1.33%)
BR30 24,814 Increased By 164.5 (0.67%)
KSE100 72,743 Increased By 771.4 (1.07%)
KSE30 24,034 Increased By 284.8 (1.2%)

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.