EU to make latest proposals on Greek crisis on Monday: Moscovici

Euro Market-

Euro Market-

The president of the European Commission will make his latest proposals later on Monday to try to avoid a Greek default, the EU commissioner of economic affairs said, adding that Athens was ‘centimetres’ away from a deal when discussions broke down over the weekend.

Jean-Claude Juncker “will indicate the route to follow, I hope everyone will commit themselves to a way of compromise,” Pierre Moscovici told French radio, adding there was still “room for negotiation” between Athens and its international creditors.

Athens was “a few centimetres” away from a deal when talks broke down over the weekend, Moscovici said.

“We must continue to talk,” Moscovici said, adding that “the door is always open to negotiations.”

French Finance Minister Michel Sapin meanwhile said that negotiations “could re-start at any moment.”

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