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AS IT IS 2015-07-01 Greece Offers a Proposal as Time Limit Runs Out 临近期限希腊给出解决建议
Greece has made a proposal shortly before it was about to default on a loan payment and European leaders agreed to consider it in an emergency conference call on Tuesday.
The country’s leaders had said it is not able to make a payment of $1.8 billion to the International Monetary1 Fund. But the office of Prime Minister Alexis Tsipras said his government is proposing a two-year deal to avoid default. It says Greece is offering to "fully2 cover" the country's financial needs with the simultaneous restructuring of debt."
Jeroen Dijsselbloem is the President of the Eurogroup. He said the finance ministers of countries using the euro would discuss the Greek proposal during a teleconference late Tuesday evening.
In Washington, President Barack Obama said the Greek financial crisis is "an issue of substantial concern," but more for Europe than the United States. Mr. Obama said the U.S. does not believe the financial turmoil3 will result in "a major shock" to the American economy.
Greece and its creditors4 have held heated negotiations5 for weeks. Talks ended last weekend with no agreement. And the financial situation in the country has grown worse.
Mr. Tsipras went on national television Sunday to announce a six-day bank closure and cash restrictions6. He spoke7 hours after the European Central Bank said it would not continue an emergency loan program that had permitted Greek banks to remain open in recent weeks.
Prime Minister Tsipras also announced a plan to hold a referendum, or popular vote, in Greece on July 5th. The vote would let the Greek people decide whether to accept international creditors' latest demands in exchange for new loans.
Greece’s creditors are demanding continued financial reforms before releasing billions of dollars from a financial rescue package. The plan has helped Greece pay its debts, but the country has been in recession for years.
Mr. Tsipras urged a "no" vote in the referendum. However, European leaders said rejecting reforms would amount to Greece withdrawing from the Eurozone and politically leaving Europe.
Greek banks remained shut on Tuesday, and its stock market closed.
The Greek finance ministry8 said it would open about 1,000 bank branches across the country to permit people receiving pensions to withdraw enough money to get through the week.
Mr. Tsipras said Monday he will respect the outcome of Sunday's referendum. But he warned that his far-left government will not be the one to carry out the new reforms. While Mr. Tsipras spoke on national television late Monday, protesters demonstrated in Athens against additional financial cuts.
Words in This Story
default –n. failure to make a payment
turmoil –n. a state of confusion or disorder9
referendum – n. a popular vote on a specific issue or law
pension(s) –n. a payment plan operated by a government or company that pays retirees
1 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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2 fully | |
adv.完全地,全部地,彻底地;充分地 | |
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3 turmoil | |
n.骚乱,混乱,动乱 | |
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4 creditors | |
n.债权人,债主( creditor的名词复数 ) | |
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5 negotiations | |
协商( negotiation的名词复数 ); 谈判; 完成(难事); 通过 | |
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6 restrictions | |
约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则) | |
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7 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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8 ministry | |
n.(政府的)部;牧师 | |
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9 disorder | |
n.紊乱,混乱;骚动,骚乱;疾病,失调 | |
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