The Institutions – the European Commission, European Central Bank and International Monetary Fund – have come to an agreement regarding the final proposal for an agreement with Greece, claim sources in Brussels.

According to the European sources, the institutions are expected to formally present the agreement proposal to the Greek authorities on Wednesday. With time running out, Athens will be called upon to provide a prompt response.

Meanwhile, European sources have confirmed that the Greek government set out its own proposal towards the institutions, however it is noted that it is rather vague.