Tsipras to resume Greece bailout talks ahead of EU summit

http://www.dw.com/en/tsipras-to-resume-greece-bailout-talks-ahead-of-eu-summit/a-18539815

Greek Prime Minister Alexis Tsipras was set to meet with EU-IMF creditors early on Thursday with hopes of finally striking a bailout deal. Talks were due to be held just hours before a high-profile EU summit in Brussels.

Tsipras to resume Greece bailout talks ahead of EU summit
25.06.2015

The Greek PM was due to resume negotiations with his country's creditors at 9 a.m. local time (0700 UTC) on Thursday, with economic reforms and austerity at the top of the morning's agenda.

According to European Union (EU) sources, Tsipras also met with top representatives of the European creditor countries late on Wednesday night, after an initial five-hour round of intense negotiations failed to produce a breakthrough earlier in the day.

"We're making progress, but there are still some outstanding issues to be resolved," European Commission Vice President Valdis Dombrovskis said late on Wednesday evening.

Rejected proposals

According to sources in Brussels, differences still remain on issues such as pension cuts, changes to the Greek value added tax and a Greek demand for a shift of its debt from the European Central Bank (ECB) to the eurozone's bailout fund.

--

Once the IMF (or ECB) loans you money, you better pay the vig OR ELSE. Greece appears to be moving towards the OR ELSE option.