NEWS

Key institution chiefs set to confer on Greek proposal

Key institution chiefs set to confer on Greek proposal

The heads of the key creditor institutions involved in assessing Greece's proposals for a reform-for-cash deal will confer by teleconference at 1 p.m. on Friday, EU sources said.

European Commission President Jean-Claude Juncker, European Central Bank President Mario Draghi, International Monetary Fund Christine Lagarde and Eurogroup finance ministers' chairman Jeroen Dijsselbloem will make a first assessment of the plans sent to Brussels late on Thursday by the Greek government, the sources said.

If the assessment is positive, a eurozone summit on Sunday could recommend starting negotiations with Athens on a new three-year bailout program and releasing some bridging funds once it enacts key immediate reforms. [Reuters]

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