European Commission says there is no formal proposal for Greece

The European Commission said on Tuesday there was no formal proposal for resolving Greece’s debt problems although talks were intensive ahead of a series of meetings of eurozone finance ministers and EU leaders in Brussels.

A report by news wire MNSI, citing sources, said the European Commission would table a compromise proposal and that according to the plan Greece should ask for a six-month period during which it will discuss and agree with lenders all pending issues and a post-bailout plan.

“There is no formal proposal but talks are intensive,” a Commission spokeswoman said in response.