Creditors Offer Greece a Way Forward
But will Athens agree? Prime Minister Alexis Tsipras is expected today in Brussels, where he’ll be greeted with an offer by eurozone creditors to remedy his country’s financial ills with bailout funds in exchange for reforms. Athens tried to pre-empt an ultimatum by submitting a proposal of its own Monday night, so it’s unclear how Tsipras will respond. Some fear EU leaders are demanding primary budget surpluses that Greece will deem unreasonable. The clock, meanwhile, is ticking down to Friday’s deadline to pay the IMF $334 million.