Insiders are saying that a team of French experts has arrived in Athens to help the Greek government prepare the country’s new reform proposal.
The Guardian's correspondent Helena Smith reports: “Officials are saying that Paris has dispatched a team of technocrats to help finance minister Euclid Tsakalotos draft the new proposal in an effort to ensure it is as convincing as can possibly be.
Tsakalotos, who returned to Athens last night, will convene with prime minister Alexis Tsipras and other senior officials to discuss the new measures – a mix of biting taxes, swingeing cuts and administrative reforms.
At this point in time, the third bailout will allegedly be in the range of €52bn with Greece asking for the emergency aid to be disbursed over three years. The media here is also reporting that the IMF is pressing for the package to be higher, in the range of €60-€70bn.”