Greece begins fresh talks for rescue plan
Dutch finance minister Jeroen Dijsselbloem, who heads the meetings of his eurozone counterparts, along with Klaus Regling, who runs the eurozone’s crisis fund, were set to present the offer to Greek finance minister Euclid Tsakalotos in Brussels.
Greece and its creditors are scrambling to complete a review of the nation’s bailout, which would pave the way for additional aid before about €6bn of bonds come due in July. The new proposal would require Greece to legislate additional fiscal cuts equal to about 2% of its GDP, which would be triggered if the country failed to meet certain budget targets, a source said.
