Greek deal in the balance as Tsipras accuses lenders

(AGI) Rome, June 24 - Markets were tense as negotiationsstalled on Wednesday, the day of the extraordinary Eurogroupmeeting seeking to resolve the final issues over Greece. GreekPrime Minister Alexis Tsipras accused lenders of not wanting toaccept his country's proposals and criticised what he saw asthe rigidity of a number financial institutions, starting withthe IMF. The fact that the institutions continue to reject the"equivalent measures" proposed by the Greek government "neveroccurred before - neither in Ireland nor Portugal", wrote MrTsipras on Twitter, adding "This odd stance seems to indicatethat either there

(AGI) Rome, June 24 - Markets were tense as negotiationsstalled on Wednesday, the day of the extraordinary Eurogroupmeeting seeking to resolve the final issues over Greece. GreekPrime Minister Alexis Tsipras accused lenders of not wanting toaccept his country's proposals and criticised what he saw asthe rigidity of a number financial institutions, starting withthe IMF. The fact that the institutions continue to reject the"equivalent measures" proposed by the Greek government "neveroccurred before - neither in Ireland nor Portugal", wrote MrTsipras on Twitter, adding "This odd stance seems to indicatethat either there is no interest in an agreement or thatspecial interests are being backed." He complained inparticular- according to Greek government sources - about theinflexible stance of the International Monetary Fund over theproposed debt freeze. The fact that no signing of theagreement is imminent was confirmed by President of theEurogroup Jeroen Dijsselbloem: "We are not there yet. There isstill a lot of work to do," he said. However, the negotiationsbetween Greece and its international creditors have not brokendown and the talks are continuing. A meeting between the headsof the EU institutions plus the IMF with Tsipras is still onthe agenda. According to EU sources, the Heads of State andGovernment who will meet on Thursday at the European Council donot anticipate further negotiations. Indeed after theEurosummit on Monday, the expectation is that a Eurogroupagreement will be reached on Wednesday evening. However,the seal on the agreement seems likely to need more time.Italian Prime Minister, Matteo Renzi, reporting to the Senatenoted that "the expiry date is the one at of the end of themonth" and reiterated that "Greece needs to know that a largesection within the European institutions will do anything tohelp it but the effort must be reciprocal". "We are makingprogress on Greece but there are still outstanding issues,"said European Commission vice president for the euro, ValdisDombrovskis, awaiting the start of the Eurogroup. "It's likelywe're going to have a long night," he added. The former FinnishPrime Minister and current Finance Minister Alexander Stubbwould be "very positively surprised if we get a deal tonight".(AGI) . .