Tsipras says creditors didn't accept his Greek aid proposal

[ATHENS] Greek Prime Minister Alexis Tsipras told his government that creditors haven't accepted the country's proposals to unlock needed aid as he prepared to depart for emergency talks in Brussels, according to a government official.

Mr Tsipras is meeting Wednesday with European Central Bank President Mario Draghi, International Monetary Fund Managing Director Christine Lagarde and European Commission President Jean-Claude Juncker in an effort to reach a deal before Greece's bailout expires and about 1.5 billion euros in payments come due to the IMF on June 30.

Mr Tsipras on Monday proposed a package of measures that includes tax increases on companies and high-income individuals to meet fiscal targets set out by creditors to receive billions of euros in needed financial assistance.

BLOOMBERG