Greece Athens kept alive hopes of an eleventh-hour deal with its creditors to avoid default yesterday after it presented its first substantial concessions in months of fruitless negotiations.
The Greek government’s proposals came too late, and lacked sufficient detail, to allow a definitive agreement at an emergency summit of EU leaders yesterday evening. But eurozone leaders welcomed them as the basis for
further talks later this week on a deal to unlock €7.2bn in desperately needed bailout cash.
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