ECONOMY

Greece said to hand three-page plan on fiscal goals to creditors

The Greek delegation in Brussels submitted a three-page proposal to its creditors in a bid to unlock bailout funds, two international officials with direct knowledge of the discussions said.

The document covered only fiscal targets, one of the people said. Greece also gave its creditors a separate note, also three pages long, that asked to use funds from the European Stability Mechanism to repay about 6.7 billions euros ($7.6 billion) of bonds held by the European Central Bank that come due in July and August, the people said.

The Greek government also wants access to bailout funds left in the European Financial Stability Facility and for the country’s banks to be allowed to buy more of the government’s short-term debt.

Greek government spokesman Gabriel Sakellaridis didn’t respond to two phone calls and one text message seeking comment.

[Bloomberg]