Hopes rise of Greece bailout breakthrough

July 10, 2015

Fresh Greek bailout reform proposals submitted to eurozone partners were cheered by France and Italy on Friday, raising hopes that a last-ditch compromise could be reached to prevent a dreaded “Grexit.”

The plan delivered by Prime Minister Alexis Tsipras’s administration for study by the EU, IMF and European Central Bank was to be put to a vote late Friday by Greek lawmakers.

Tsipras has conceded ground on major sticking points including tax and pensions in a bid to secure a new bailout, drawing encouragement from his biggest ally, French President Francois Hollande.

snip* – Tsipras’s gamble –

The reforms agree to creditors’ demands to overhaul pensions, increase sales taxes, and commit to privatisations. But they seek to limit changes on other thorny issues, including tax breaks for Greece’s islands and cuts to military spending.

http://www.ngrguardiannews.com/2015/07/hopes-rise-of-greece-bailout-breakthrough/