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Greek debt: Talks to resume as deadline beckons

Greek debt talks are resuming after creditors accused the country's Prime Minister Alexis Tsipras of failing to compromise.

Greece faces a 1.6 billion euro debt repayment to the International Monetary Fund on Tuesday, and is thought to require a new deal to avoid default and a possible withdrawal from the eurozone.

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EU leaders hint that deal with Greece might just happen

After four months of crisis talks, there is a glimmer of hope that a breakthrough between the EU and Greece might be on the cards.

Details of the latest Greek offer include:

  • halting early retirement
  • increasing pension contributions
  • 6.5% VAT increase on hotels
  • end on VAT discounts for islands
  • a one-off corporation tax

ITV News economics editor Richard Edgar reports:

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