Giorgos Stathakis
Media playback is unsupported on your device

Giorgos Stathakis: 'Creditors accept Greece's debt plan'

Greece's Economy Minister Giorgos Stathakis has told the BBC's Robert Peston that he believes Greece's new proposals to balance the government's books have broken the deadlock with its creditors.

He said he expects eurozone government heads to issue a communique that will say there is now a basis for a formal agreement with Athens to complete the current bailout programme and release €7.2bn of vital funds.

Mr Stathakis conceded that technical work would need to be done in the coming days to formalise the agreement.

But he was hopeful that Greece would be able to make its €1.5bn payment to the IMF on its due date of June 30 - and therefore avoid a devastating default.

  • 22 Jun 2015
Go to next video: Greece reform plans approved