Varoufakis: Greece’s lenders say government’s proposal is on right path

Finance Minister Yanis Varoufakis said on Wednesday that Greece’s creditors told him the government’s proposal in on the right direction, but that they are requesting more data on its fiscal results.

Asked by a journalist outside the finance ministry, he said that “under no circumstances will there be a bail-in.”  He also specified that what separates the government and the institutions is “only the sustainability of Greek debt.”

The minister made the statement after the end of the Eurogroup teleconference earlier in the evening which lasted about an hour.

Statements are expected to be issued by its chief, Jeroen Dijsselbloem, in a video, according to his Twitter account. The teleconference was attended by Varoufakis and Alternate Minister for International Economic Relations Euclid Tsakalotos. Tsakalotos said the Eurogroup is not expected to reconvene until Sunday’s referendum.


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