EU council president Donald Tusk has said Greece’s proposals are the “first real proposals in many weeks” as the Euro Summit on Greece kicks off.
The latest Greek proposals are the first real proposals in many weeks although they still need, it's obvious for me, the assessment of the (creditor) institutions and further work, of course.
Promising things happened since I called #EuroSummit; Greek proposals first real proposals in many weeks. Require assessment & further work.— Donald Tusk (@eucopresident) June 22, 2015
There has been progress. The Greek government has made proposals that are stronger and more precise. Greece is being asked to make a lot of efforts.
Markets have rallied today, as hope grows that a deal will be reached in the coming days. It is considered unlikely that an accord will be struck tonight, despite the more optimistic noises coming from both sides.