EU creditors submits new proposals – EU officials

FXStreet (Edinburgh) - According to EU sources, Eurozone creditors have submitted the Greek government a new set of proposals to be assessed by the Greek authorities.

Recall that the government led by A.Tsipras has initially rejected a previous set of proposals, comprised of tax hikes and higher contributions to pensions.

EUR/USD seems to have gathered some traction following the news, currently extending the upside beyond the 1.1200 barrier.