Greece offers debt compromises as Merkel remains unmoved
Finance Minister Varoufakis says Greece will implement about 70% of reforms already in current bailout accord
Istanbul
GREECE offered compromises ahead of an emergency meeting with its official creditors on Wednesday as German Chancellor Angela Merkel remained unyielding over terms of the country's bailout conditions.
Greek Finance Minister Yanis Varoufakis told lawmakers that the government intends to neither tear up the existing bailout agreement, nor allow the budget to be derailed. He said that Greece will implement about 70 per cent of reforms already included in the current bailout accord.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April