Greece intends to put forward new bailout proposals to its European partners at an emergency summit Tuesday, government sources here said, as officials sought to stave off a collapse of their country’s banking system and its potential ejection from the Eurozone.
Prime Minister Alexis Tsipras huddled with leaders from across the political spectrum Monday morning and well into the afternoon to thrash out a new bailout plan that they could support as a united front and that would be more palatable to international and European creditors.
Tsipras also spoke with German Chancellor Angela Merkel, the Eurozone’s most powerful leader, by phone, and the two agreed he would present new bailout proposals to the leaders of the 19 nations that use the euro at a summit in Brussels on Tuesday evening, according to a Greek government official, speaking on customary condition of anonymity.