Greek deal hopes rise ahead of crunch summit

Thumbnail for 659907
A protester holds a Greek flag in front of the parliament at an anti-austerity demo in Athens on July 21, 2015

Greece’s creditors saw a ray of hope Monday as Prime Minister Alexis Tsipras went into an emergency eurozone summit aimed at finding a deal to save Athens from default and a possible exit from the euro. The European Commission said eleventh-hour reform proposals submitted by Tsipras Sunday night were a “good basis for progress” while France said that “quality work” had been done to end five months of deadlock. Greece’s new offer is the last chance for Athens to avoid defaulting on a 1.6-billion-euro IMF payment on June 30 and prevent it from crashing out of the single currency and …read more