According to sources cited by Mega Channel, the Greek government is believed to be preparing a new comprehensive agreement proposal, which is will soon submit for consideration to its partners, in order to call a Eurogroup for Tuesday evening.
It appears that the proposal submitted by the European Commission President Jean-Claude Juncker was the starting point, with an initiative expected from Prime MinisterAlexis Tsipras.
The television network’s sources in the European Commission reported that following that proposal submitted on Monday evening, they noted that communication channels with Athens were opened and efforts were being made so that a new government proposal may be prepared.
Meanwhile, amid allegations that the General Accounting Office is making preparations for the transition to the drachma, the Greek Prime Minister is facing increasing pressure from party and cabinet into accepting the latest proposal submitted by the institutions.
Should the Prime Minister decide to ignore the calls for a return to negotiations it is likely that many government officials will openly express their differentiation to official policy, with resignations considered a highly likely possibility.
Sources from the Greek government have also confirmed the PM Tsipras has been in touch on Tuesday with the EC President Junker, the chief of the European Central BankMario Draghi and the President of European Parliament Martin Schulz. The German Chancellery however has commented that it is ‘too late’ for an extension of the Greek bailout program.