Prime Minister Alexis Tsipras gave the impression of a man who is not willing to compromise as he launched a strong attack on lenders in a speech to SYRIZA MPs on Tuesday but there was also a clear indication in his address of how a compromise with lenders may be reached.
Greek Prime Minister Alexis Tsipras is due to address SYRIZA MPs on Tuesday afternoon, with no sign that he intends to make any move to overcome the impasse in the negotiations with lenders.
Ex-minister Fofi Gennimata has been elected the new leader of PASOK as the socialist party struggles to stop its slide into political oblivion.
Last-ditch efforts in Brussels to reach a deal between Greece and its lenders proved fruitless over the weekend, meaning attention will now turn to Wednesday’s meeting of the European Central Bank’s general council and Thursday’s gathering of eurozone finance ministers in Luxembourg.
Prime Minister Alexis Tsipras gathered some of his key ministers on Friday to discuss the government's next steps after lenders reportedly gave Athens until the evening to come up with counter-proposals that could help seal an agreement on its bailout.
Greek Prime Minister Alexis Tsipras was due to return to Athens on Thursday apparently no closer to a deal with lenders despite talks on Wednesday night with German Chancellor Angela Merkel and French President Francois Hollande, as well as two meetings with European Commission President Jean-Claude Juncker.
Greece will have to submit an improved offer to its creditors in a bid to secure an agreement over spending cuts and structural reforms after the European Commission appeared to dismiss Athens’s recent attempt to bridge the gap between the two sides.
Greece submitted some updated proposals to its lenders on Tuesday in the hope of breaking an impasse in bailout talks ahead of a planned meeting between Prime Minister Alexis Tsipras and other European leaders on Wednesday.
The governments in Athens and Skopje seem determined to move forward with talks on the adoption of Confidence Building Measures (CBMs), despite the fraught political situation in both countries.
Talks between Greece and its lenders resume this week from a much worse starting position than they did last week following a series of negative developments over the last few days.