Greek creditors set to compromise on deal

Greece’s international creditors yesterday signalled that they were ready to compromise to avert a default even as Athens warned it might skip an IMF loan repayment due tomorrow.

Prime Minister Alexis Tsipras agreed in a telephone call with German chancellor Angela Merkel and French president François Hollande on the need for an immediate solution to the long-running debt negotiations involving a lower primary budget surplus target for Greece.

Their third call in a week took place shortly before Mr Tsipras flew to Brussels to meet senior European officials and hear the terms of a plan drawn up by the troika after a meeting of leaders chaired by Ms Merkel on Monday.