22:26

Greece’s leftist-led government has just issued one of its famous non-papers, saying there is no way it will accept the creditors’ proposed demands.

It was sent as Alexis Tsipras was holding a teleconference call with the German and French leaders, and declared:

“The proposal presented by the institutions in Brussels yesterday, Wednesday, contains extremist positions that cannot be accepted by the Greek government. They do not even correspond to the changes that have been accepted by the Brussels Group!” it said referring to negotiators.

“They haven’t taken a step back independently of the fact that over the past four months the two sides had converged on reforms which the Greek government included in its own proposal.”

Did creditors ultimately want a mutually beneficial solution, the government statement asked.

