Counter-proposals have been sent to Greece by its creditors , international news media have said.
Greek Prime Minister Alexix Tsipras had submitted the proposals last Monday, very early in the morning, and Finance Ministers set another Eurogroup meeting for later on today.
Tsipras arrived in Brussels today and met with International Monetary Fund Managing Director Christine Lagarde, European Commission President Jean-Claude Juncker and European Central Bank President Mario Draghi.
A German Finance Ministry spokesman told the press that there is still a long way to go.
Earlier today Greek creditors sent their counter-proposals, which saw the Greek Prime Minister take to twitter to express his surprise.
According to the Wall Street Journal, creditor comments are calling for Greece to reduce the proposed tax increases on businesses, “doubling defense cuts, raising more from sales taxes and cutting into pension benefits rather than relying mostly on increased contributions”.
These developments come just before a Eurogroup Finance Ministers’ meeting set to take place today. Unless agreement is found, Greece will not be given the 7 billion Euros it requires.