Creditors unmoved by Greek proposals

Greek Prime Minister Alexis Tsipras
Greek Prime Minister Alexis Tsipras

INTERNATIONAL creditors gave Greece the cold shoulder after it submitted reform proposals aimed at securing a bailout at the eleventh hour.

Paymaster Germany called the proposals "not substantial", as Greek Prime Minister Alexis Tsipras  still refused concessions on key red lines.


A version of this article appeared in the print edition of The Straits Times on June 23, 2015, with the headline 'Creditors unmoved by Greek proposals'. Subscribe