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| Version 2 | Version 3 |
|---|---|
| Greek debt: New proposals to be put to creditors | Greek debt: New proposals to be put to creditors |
| (5 months later) | |
| A Greek minister has said new proposals will be put to creditors ahead of an emergency EU summit planned for Monday. | A Greek minister has said new proposals will be put to creditors ahead of an emergency EU summit planned for Monday. |
| State Minister Alekos Flambouraris also told Greek media he believed the European Central Bank (ECB) would not allow Greece's banks to collapse. | State Minister Alekos Flambouraris also told Greek media he believed the European Central Bank (ECB) would not allow Greece's banks to collapse. |
| Reports say billions of euros have been withdrawn from Greek banks in the past week. | Reports say billions of euros have been withdrawn from Greek banks in the past week. |
| The summit comes amid attempts to prevent Greece defaulting on a €1.6bn (£1.1bn) IMF loan repayment. | The summit comes amid attempts to prevent Greece defaulting on a €1.6bn (£1.1bn) IMF loan repayment. |
| The European Commission, the IMF and the ECB are unwilling to unlock bailout funds until Greece agrees to reforms. | The European Commission, the IMF and the ECB are unwilling to unlock bailout funds until Greece agrees to reforms. |
| They want Greece to implement a series of economic changes in areas such as pensions, VAT and on the budget surplus before releasing €7.2bn of funds, which have been delayed since February. | They want Greece to implement a series of economic changes in areas such as pensions, VAT and on the budget surplus before releasing €7.2bn of funds, which have been delayed since February. |
| Details of the new proposals have not yet been released. | Details of the new proposals have not yet been released. |
| Monday deadline | Monday deadline |
| Greek Prime Minister Alexis Tsipras has said he believes "there will be a solution based on respecting EU rules and democracy which would allow Greece to return to growth in the euro". | Greek Prime Minister Alexis Tsipras has said he believes "there will be a solution based on respecting EU rules and democracy which would allow Greece to return to growth in the euro". |
| But German Chancellor Angela Merkel has warned there must be a deal between Greece and its creditors ahead of Monday's summit. | But German Chancellor Angela Merkel has warned there must be a deal between Greece and its creditors ahead of Monday's summit. |
| Otherwise, she said, the summit would not be able to make any decision. | Otherwise, she said, the summit would not be able to make any decision. |
| Mr Tsipras was due to hold further talks with his negotiating team in Athens on Saturday. | Mr Tsipras was due to hold further talks with his negotiating team in Athens on Saturday. |
| Greece has less than two weeks before the IMF loan repayment is due. | Greece has less than two weeks before the IMF loan repayment is due. |
| If Greece fails to make the repayment, it risks having to leave the eurozone and possibly also the EU. | If Greece fails to make the repayment, it risks having to leave the eurozone and possibly also the EU. |
| On Friday, the European Central Bank (ECB) approved more emergency help for Greece's banks. The amount of extra funding has not been officially disclosed. | On Friday, the European Central Bank (ECB) approved more emergency help for Greece's banks. The amount of extra funding has not been officially disclosed. |
| 'Quiet withdrawals' | 'Quiet withdrawals' |
| Reuters news agency said withdrawals by Greek savers between Monday and Friday reached about €4.2bn, which represents about 3% of household and corporate deposits held by Greek banks at the end of April. | Reuters news agency said withdrawals by Greek savers between Monday and Friday reached about €4.2bn, which represents about 3% of household and corporate deposits held by Greek banks at the end of April. |
| Close to €1bn was withdrawn on Friday alone, the financial website Euro2day said. | Close to €1bn was withdrawn on Friday alone, the financial website Euro2day said. |
| "There are no lines [queues] or panic, it has been a quiet and gradual phase of withdrawals," one banker told Reuters. | "There are no lines [queues] or panic, it has been a quiet and gradual phase of withdrawals," one banker told Reuters. |
| A fully fledged run on the banks could upset the plans of the Greek government and its creditors, says BBC Europe correspondent Chris Morris. | A fully fledged run on the banks could upset the plans of the Greek government and its creditors, says BBC Europe correspondent Chris Morris. |
| He says that any introduction of capital controls will depend on the behaviour of the Greek people. | He says that any introduction of capital controls will depend on the behaviour of the Greek people. |
| He says that if the outflow of deposits from banks reaches alarming levels which no-one can really cope with, then the decision will be taken out of policymakers' hands. | He says that if the outflow of deposits from banks reaches alarming levels which no-one can really cope with, then the decision will be taken out of policymakers' hands. |
| Greece - deal or no deal? | Greece - deal or no deal? |
| Cars and shoe boxes: Greeks cope with an economic crisis | Cars and shoe boxes: Greeks cope with an economic crisis |
| Peston: Is there any way Greece can avoid default?? | Peston: Is there any way Greece can avoid default?? |
| Walker: The options for Greece | Walker: The options for Greece |
| What impact would Grexit have on UK? | What impact would Grexit have on UK? |
| Greece debt crisis: Full coverage | Greece debt crisis: Full coverage |
| Greek debt talks: main sticking points | Greek debt talks: main sticking points |
| Is Greece close to Grexit? | Is Greece close to Grexit? |
| EU solidarity damaged by Greek splits | EU solidarity damaged by Greek splits |