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Greece crisis: Alexis Tsipras accepts troika bailout proposals with conditions | Greece crisis: Alexis Tsipras accepts troika bailout proposals with conditions |
(6 months later) | |
Alexis Tsipras has said that Greece will accept all bailout conditions proposed by the country’s creditors with only a handful of minor changes. | Alexis Tsipras has said that Greece will accept all bailout conditions proposed by the country’s creditors with only a handful of minor changes. |
In a letter sent to the European Commission, the International Monetary Fund and the European Central Bank and seen by the Financial Times, Tsipras expanded his idea for a new, third €29.1 billion rescue package. | In a letter sent to the European Commission, the International Monetary Fund and the European Central Bank and seen by the Financial Times, Tsipras expanded his idea for a new, third €29.1 billion rescue package. |
The second bailout package expired last night when Greece failed to meet a €1.6 billion IMF debt repayment. Tsipras then prosposed a third package and a new set of 11 conditions - along with a note saying Greece was prepared to accept the troika's proposals from Sunday. | The second bailout package expired last night when Greece failed to meet a €1.6 billion IMF debt repayment. Tsipras then prosposed a third package and a new set of 11 conditions - along with a note saying Greece was prepared to accept the troika's proposals from Sunday. |
"The Hellenic Republic is prepared to accept this Staff Level Agreement subject to the following amendments, additions or clarifications," the letter read. | "The Hellenic Republic is prepared to accept this Staff Level Agreement subject to the following amendments, additions or clarifications," the letter read. |
Greece will accept all the VAT proposals, Tsipras said, as long as there is a 30 per cent discount for Greek islands. | Greece will accept all the VAT proposals, Tsipras said, as long as there is a 30 per cent discount for Greek islands. |
The pension age will change to 67, Tsipras agreed, starting in October rather than immediately as the troika had proposed. He also asked that a ‘solidarity grant’ for poorer pensioners is phased out more slowly than the troika requested. | The pension age will change to 67, Tsipras agreed, starting in October rather than immediately as the troika had proposed. He also asked that a ‘solidarity grant’ for poorer pensioners is phased out more slowly than the troika requested. |
Eurozone finance ministers are scheduled to discuss Tsipras’s latest proposals in a conference call at 5.30pm Brussels time. | Eurozone finance ministers are scheduled to discuss Tsipras’s latest proposals in a conference call at 5.30pm Brussels time. |
However there is already some pushback from ministers, according to reports. | However there is already some pushback from ministers, according to reports. |
Markets reacted positively to the news. | Markets reacted positively to the news. |