The failure of negotiations with Greece will affect everyone, European Council President Donald Tusk said on Wednesday. He reiterated that the deadline for Greece to present a new reform plan expired this week.
Tusk said that a deal not being reached in Greece could lead to its bankruptcy, adding that all parties would suffer if no compromise is found in the next four days. He emphasized that there should be no illusions about that.
European Council President #Tusk: No agreement may lead to bankruptcy of #Greece
— Kathimerini English (@ekathimerini) July 8, 2015
All parties are responsible for the crisis and have to find a resolution together, Tusk said Wednesday addressing the European Parliament in Strasbourg.
Speaking at the same meeting, Greek Prime Minister Alexis Tsipras promised to present concrete proposals within the next two days. Tsipras assured that the new Greek proposals won’t come as a new burden to European taxpayers.
He also said his country needed a solution that will allow it to see “the light at the end of the tunnel,” adding that Greece was committed to reforms.
"We'll continue reforms, we want an agreement with our European partners, one which will really help Greece to come out of the crisis," Tsipras said.
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