Austria’s FinMin says he can’t imagine further concessions to Greece

Austria’s Finance Minister Hans Joerg Schelling said on Tuesday he did not expect creditors and institutions to make further concessions to Greece in their cash-for-reforms negotiations.

“I believe that the institutions and creditors have made so many concessions to the Greeks that I cannot imagine that there can be further concessions,” he said.

The European Commission has received a new proposal from Greece for reforms that could unlock new funding from the cash-strapped country.