Belgium: Greek proposals the "basis to get a result" - Eurogroup chief

The set of proposals put forward by Greece to exit its debt crisis provides a "basis to get a result," Eurogroup President and Dutch Finance Minister Jeroen Dijsselbloem said in Brussels, Monday. However, he stressed that an agreement had not yet been reached and that all parties would have to work "very hard" throughout this week to secure a deal. Greece is trying to reach an agreement to unlock bailout funds, in order to avoid defaulting on a €1.5 billion ($1.7 billion) debt repayment due to the International Monetary Fund (IMF) by June 30. Tsipras tabled several proposals, Monday to help Athens secure €7.20 billion ($8.18 billion) in rescue funds and avoid default.