European Commission: No Formal Proposal for Greece


European Commission said on Tuesday there was no formal proposal for resolving Greece's debt problems although talks were intensive ahead of a series of meetings of euro zone finance ministers and EU leaders in Brussels.

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A report by news wire MNSI, citing sources, said the European Commission would table a compromise proposal and that according to the plan Greece should ask for a six-month period during which it will discuss and agree with lenders all pending issues and a post-bail-out plan.

"There is no formal proposal but talks are intensive," a Commission spokeswoman said in response.