Dijsselbloem: Greek counter-proposal must be financially sound

Jeroen Dijsselbloem, the head of the Eurogroup, said on Friday that any counter-proposals by the Greek government to a budgetary reform plan put forward by its creditors this week must be financially sound.

“If they come with alternative proposals, they need to be financially sound and make economic sense,” said Dijsselbloem, who is also the Netherlands finance minister, speaking outside a Dutch cabinet meeting.

Greece is negotiating over its budget with European governments, the International Monetary Fund and the European Central Bank to release bailout funds and avoid a default. [Reuters]