Greece and the EU close to an interim agreement


'Enough blood we have shed. Enough we have paid.' A banner placed by protesters of the Communist-affiliated trade union PAME, hangs on the building of Finance Ministry, during an anti-austerity and anti-government protest in Athens, Greece 11 June, 2015.

Greece and the EU close to an interim agreement

Negotiations between Greece and its European partners were suspended yesterday, as no agreement was reached.

The Greeks offered measures that aimed at both budgetary savings and increased revenue; Greece’s creditors were asking for a different policy mix that would not entail an extraordinary tax contribution and, therefore, more sustainable as a program. Instead, they asked for a reduction of pensions, which the Greek government denied.

No matter what the final agreement entails, both par...

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