The latest Greek reform proposal was "a positive step”, Eurozone leaders announced on Monday. Although the bailout agreement was delayed until a Eurogroup meeting on Wednesday (24 June) or the EU summit on Thursday (25 June), EUobserver reports.
In this regard German chancellor Angela Merkel said at a press conference after the euro summit in
As the source reports the 12-page document sent by the Greek government on Sunday night contains proposals to address the fiscal targets set by its creditors, with a primary surplus at 1% of GDP this year, 2% in 2016, 3% in 2017, and 3.5% in 2018.
The proposal also includes measures to reduce the pensions and raise VAT.