ERR in Brussels: EU believes Greece is buying time

(Reuters)
6/11/2015 9:14 AM
Category: International

Greece has made another proposal to end the deadlock between its government and the EU institutions in an attempt to receive a 7.2 billion euro loan payment.

European Commission Vice President Valdis Dombrovskis said that a deal with Greece is possible and could arrive within the next few days, adding that Athens should deal less with tactics and maneuvering and concentrate on actual work, ERR's Johannes Tralla reported from Brussels.

Tralla said others in Brussels are less optimistic, saying Greece's latest offer did not meet expectations.

Tralla quoted Financial Times' Peter Spiegel, who said Greece could be hoping to hold on as long as possible in hopes creditors will break. So far creditors, including Germany, have not budged.

Greece's Prime Minister Alexis Tsipras said his nation leaving the Eurozone would signal the beginning of the end to the joint currency as markets will begin to seek the next weakest link.

Henrik Hololei, a deputy secretary general of the Commission, said that President Jean-Claude Juncker and the Commission is doing all it can to keep the Eurozone intact. Hololei added that there is no space for personal emotions. Tsipras called the Commission's demands absurd in front of the Greek Parliament while Juncker has been reported saying that dealing with Tsipras is a 'waste of time'.

Greece must deliver 1.6 billion euros by the end of the current month, money which experts say Greece does not have.

J.M. Laats

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