Greece was preparing Wednesday to present its creditors with an official proposal aimed to save bailout talks from collapse, as time is running out for a deal that would keep the country solvent and within the euro currency bloc.
Germany, the main European creditor, was quick to say it was skeptical of any new proposals.
Greek government spokesman Gavriil Sakellaridis said Athens’ plan would involve extending the 240 billion euro international loan agreement that has kept the country afloat since 2010 — but, apparently, without the austerity strings attached.
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“Wanting to raise the minimum wage for young people while youth unemployment is 50 percent is stupid,” Schmieding said. “Expecting European taxpayers to underwrite the damage done by such follies borders on delusional.”
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Geir Moulson in Berlin, Elena Becatoros in Athens and Pan Pylas in London contributed to this report.
