EU summit ends with potential debt deal forthcoming

Global Business

A hastily-convened Euro leaders’ summit wrapped up in Brussels with no immediate breakthrough on the economic situation in Greece, but all sides saying they expect a deal can be in place by the end of this week.

CCTV’s Jack Barton reported this story from the summit center in Brussels.

EU summit ends with potential debt deal forthcoming

EU summit ends with potential debt deal forthcoming

A hastily-convened Euro leaders' summit wrapped up in Brussels with no immediate breakthrough on the economic situation in Greece, but all sides saying they expect a deal can be in place by the end of this week.

Highlights:

  • Greece’s Prime Minister Alexis Tsipras arrived with fresh proposals, including new taxes on businesses, the wealthy, and some basic goods.
  • Greek officials said the country would also agree to the European Commission’s budget targets for the next three years.
  • Without further funding, Greece could default on its loans posing incalculable danger to the country as well as the European Union.