Alexis Tsipras to face take-it-or-leave-it ultimatum from lenders over debt offer
by Helena Smith in Athens from on (#A9PC)
Cash-for-reform deal worth a7.2bn in loans agreed by EU, ECB and IMF officials - but it remains unclear if Greek government will accept it
The Greek prime minister, Alexis Tsipras, will be presented with what is expected to be a take-it-or-leave-it plan on Wednesday after five months of drama-filled negotiations to keep his debt-stricken country afloat.
The radical left leader is to be given the ultimatum after lenders at the EU, European Central Bank (ECB) and International Monetary Fund (IMF) agreed on the contours of a cash-for-reform deal late on Tuesday.
Related: Greece bailout talks: an intractable crisis with three possible outcomes
Related: EU leaders stage late-night mini-summit to try to defuse Greek crisis
Continue reading...