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Greece Has Not Presented Any Concrete Proposals – Eurozone

Channels Television  
Updated July 7, 2015

GreeceThe Eurozone says Greece has not presented any concrete proposals to request for a new bailout.

The union’s statement is coming after the ballots were counted as Greece voters rejected the terms of an international bailout in a poll with 61% “no”, against 38% “yes”.

In the meantime, Greek Prime Minister, Alexis Tsipras, said Greeks made a “brave choice” in voting to reject the terms, despite the European officials’ caution that the debt crisis could see the country ejected from the Eurozone.

In another development, Greece’s Finance Minister, Yanis Varoufakis, who often clashed with creditors also resigned.

However, Greece made a presentation earlier on Tuesday to request for a new bailout, but nothing was put on paper.

The country’s new Finance Minister, had been expected to draft a new letter requesting for European stability mechanism support.

The Minister is also expected to present proposals from the Greek side on what the substance would look like, so leaders could reach an agreement.