Following his talks with European Commission President Jean-Claude Juncker and Eurogroup President Jeroen Dijsselbloem on Wednesday, the Prime Minister Alexis Tsipras commented that the imposition of recessionary measures is unacceptable.

Mr. Tsipras argue that the Greek side submitted a “realistic and constructive proposal” and that the European Commission appeared to be willing to come to a realistic solution. The Greek PM also revealed that the discussions are set to continue over the next few days.

Nevertheless, PM Tsipras ruled out any recessionary measures, such as abolishing the social solidarity pension benefit (the so-called “EKAS”) or increasing the VAT on electricity. Although the details of the agreement proposal have not been publicized, the five-page document presented to the Greek Prime Minister is said to include rather harsh measures.

New Tsipras-Juncker meeting on Friday

A new meeting has been arranged between PM Tsipras, EC president Juncker for Friday, in an effort to come to a mutually-beneficial agreement. The Eurogroup chief Jeroen Dijsselbloem is also going to attend the meeting.

Return to Athens and government council

The latest information suggests that the Prime Minister and the Ministers who accompanied him in Brussels are on their way back to Athens. The Prime Minister is thought to call a government council, in order to discuss the creditor proposal and negotiations.