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Greece, creditors line up rival reform proposals to unlock aid

Failure to reach agreement this month could trigger a Greek default and a potential exit from the euro zone

Published Tue, Jun 2, 2015 · 09:50 PM

    Athens

    GREECE's creditors are close to finishing a draft agreement to put to the leftist government in Athens, a source close to the talks said on Tuesday, injecting new momentum into long-running negotiations to release aid for the cash-strapped country.

    Hours earlier, Greek Prime Minister Alexis Tsipras said Athens had submitted its own proposal to lenders - an apparent effort to pre-empt a take-it-or-leave-it offer by the creditors and to show Greek voters that Athens made its move first.

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