Over to the latest developments in Greek debt crisis,....
Greece failed to submit any fresh bailout proposals to an emergency summit of eurozone leaders on Tuesday,... leaving the country in limbo once again.
The eurozone leaders, who are now running out of patience, have fixed a final deadline for Athens to submit its final proposal.
Han Da-eun has the details on the debt-ridden countries puzzling moves.
Greece′s eurozone partners have called a full European Union summit on Sunday,... while giving Greece an ultimatum come up with a concrete reform proposal by Thursday or risk the alternative bankruptcy or a possible exit from the eurozone.
The move came as Greek Prime Minister Alexis Tsipras showed up to a eurozone summit held in Brussels on Tuesday without a new aid proposal,... disappointing the already skeptical eurozone partners.
German Chancellor Angela Merkel, before and after the meeting, reiterated that Greece still has not met the basic requirements for further negotiations.
She also made clear that she won′t write down any of its debts.
″The challenge for Sunday will be to see if the conditions are in place for taking up negotiations. Yes or no. No more, no less. There definitely won′t be a haircut. This would be a bailout in the currency union and this is not allowed.″
Sunday′s meeting could decide the debt-ridden country′s fate, as the EU leaders of 28 nations... are expected to make a final decision on whether to approve a third bailout for Greece based on its new proposal.
The Greek leader sounded rather upbeat after Tuesday′s meeting, and said that the discussion had taken place ″in a positive climate.″
European Commission President Jean-Claude Juncker, who has sought to keep Greece in the euro, was more cautious.
″The Commission is prepared for everything. We have a Grexit scenario prepared in detail. We have a scenario as far as humanitarian aid is concerned. And we have and that′s a scenario I most prefer a scenario on how to deal with the problem now, keeping Greece as a member of the euro area. I′m strongly against Grexit, but I can′t prevent it if the Greek government is not doing what we are expecting the Greek government to do.″
Greek banks remain closed, while capital controls are stll in place,... and experts say the emergency measures are likely to last longer than what the Greek government has previously announced.
Han Da-eun, Arirang News.
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