Greek proposals for a revised bailout program don’t have enough detail to satisfy the government’s international creditors, eurozone officials said, according to Wall Street Journal.
Greek officials were in Brussels over the weekend to present the proposals to officials from the European Commission, the European Central Bank and the International Monetary Fund.
Following a meeting last week between Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel, Greece said it would submit a list of bailout proposals to its creditors on Monday. Officials hoped that discussions over the weekend would ensure the list is roughly in line with the creditors’ demands. But they say to WSJ that crucial details were again missing from the Greek proposals after talks that started Friday night, lasted all day Saturday and continued on Sunday.
“The proposals were piecemeal, vague and the Greek colleagues could not explain technically what some of them actually implied,” a eurozone official said. “So, let’s hope that they present something more competent next week.” he added.