Home Page >> EU 10 July 2015, Friday 08:57
Greece delivers proposal on economic reforms
Greece has delivered its latest proposal for economic reforms to European finance ministers who must decide whether they will grant the struggling government another desperately needed bailout.

Little information was available about what was in the new package from Athens. 

But reports said it included EU demands for a boost in some sales taxes and cuts in spending.

The Greek parliament will meet Friday to decide whether to endorse the reforms, and the entire 28-member European Union will hold an emergency summit on the Greek situation Sunday.

Some EU leaders said this was absolutely Greece's last chance to satisfy their demands. They have been frustrated by what has so far been Athens' refusal to carry out more austerity measures.

But Greeks said they have suffered enough from spending and pension cuts that have cost jobs and lowered their standards of living. The government has demanded a debt restructuring from the International Monetary Fund.

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