Greece Proposal Rejected Again as 5.2 Magnitude Earthquake Hits Athens

According to WSJ, Greece’s latest proposal to get its hand on more bailout money was swiftly rejected.

BRUSSELS—A compromise proposal sent by Greece on Tuesday as part of an effort to unlock an impasse with creditors over its bailout program drew a swift and negative response from officials at the European Commission.

President Jean-Claude Juncker told other commissioners at the EU executive arm’s weekly meeting that the proposal appears to backtrack from an agreement on budget targets struck between him and Greek Prime Minister Alexis Tsipras at a meeting last week, a person familiar with his remarks said.

In the meantime, a 5.2 magnitude earthquake hit Athens this morning.