MOSCOW (Sputnik) —Athens is currently negotiating debt relief terms with its international creditors, comprising the European Commission, the European Central Bank and the International Monetary Fund.
22 June 2015, 21:33 GMT
It needs to agree on a package of economic reforms to secure more than $8 billion in extra funding from lenders or default on its $1.8-billion IMF loan repayment, due at the end of this month. A default can push Greece out of the euro and possibly the European Union.
"As the last hours have shown, we can see all parties are fully committed to finding a solution. The new Greek proposals to the three institutions are a positive step, according to the initial assessment of the institutions. They will be further assessed over the coming hours," Tusk said at a press conference.
He added that Tsipras and the institutions "will work together now so that the Eurogroup can achieve a result on Wednesday evening that can be presented Thursday morning."
