The Greek government has sent a comprehensive bailout proposal to its creditors.
'We have submitted a realistic plan for Greece to exit the crisis,' Prime Minister AlexisTsipras told reporters in Athens Tuesday.
Tsipras said that concessions had been made to creditor demands. He called on the creditors to take a 'realistic' view of the proposals in the effort to continue the bailout.
There are no details available about the nature of these latest proposals from Greece.
The Eurogroup, along with the institutional creditors -- the International Monetary Fund, the European Central Bank and the EU-- had announced that a proposal from their side would be made to Greece before the next Eurogroup finance ministers meeting in Luxembourg on June 18.
'The decision now rests with the political leadership of Europe,' Tsipras added.
Amid intense negotiations in Brussels with the Eurogroup last weekend, the Greek premier had admitted to making “minor modifications” on privatizations in the ongoing negotiations.
In an article published in the French daily Le Monde Monday, Tsipras said: 'We accepted to move forward, with some minor modifications, on privatizations to prove our intention of taking steps towards approaching the other side.
“We also agreed to implement a major VAT [Value Added Tax] reform by simplifying the system and reinforcing the redistributive dimension of the tax in order to achieve an increase in both collection and revenues,” he added.
Greek Interior Minister Nikos Voutsis said Saturday that Greece would accept a bailout agreement, even if it was a “painful” solution.
Earlier Tuesday, German Chancellor Angela Merkel called for the need of a greater intensity in the Greek bailout talks.
Merkel's remarks came as leaders of Greece's institutional creditors met early Tuesday in an effort to accelerate progress.
By Andrew Jay Rosenbaum
Anadolu Agency
enerji@aa.com.tr