A proposal for a "moratorium" of four months has entered the Eurogroup table which meets from 5 pm in Brussels in a negative climate for Greece. The proposal is reportedly taken positively by the Greek side, but meets the definite refusal by the majority of the partners.
The "moratorium" means that there will be no "agreement-bridge" or extension of the current program. The neasures already taken will not be canceled - for at least four months - and there will be no new measures and commitments and the pronouncements of the Greek government will also "freeze". Greece will not ask and will not receive funding until the deal closes on a new long-term funding program from Europe, but the increasing ceiling would be allowed for Greece to sell treasury bills.
Most of the European Fin. Ministers were opposed this proposal while some media announced that the Greek government claimed that the deal is not achievable for the moment.