GREECE: ‘ Tsipras has Constructive late night Talks but still no Deal ‘

#AceFinanceNews – Featured Update:Greece:June.04: Greek prime minister Alexis Tsipras had "constructive" talks with the presidents of the European Commission and Eurogroup on Wednesday night (3 June) in Brussels but no agreement was found to unblock a €7.2 billion loan.

Speaking to reporters afterwards, Tsipras said the two sides were "very close" to a deal but said that the "realistic proposals" were those put forward by his government.

The commission noted that it was a “good and constructive” meeting”.

“Progress was made in understanding each other’s positions on the basis of various proposals," it added, indicating that both Greece’s proposal and a common proposal by its creditors were discussed.

Before the meeting, an EU source told EUobserver that "the offer on the table is the creditors’ proposal, it’s the only one that matters," adding that the Greek PM had not received the document before traveling to Brussels.

The proposal had been readied by the EU, the European Central Bank (ECB) and the International Monetary Fund (IMF) after a high level meeting in Berlin on Monday night (1 June).

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