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Institutions proposal 'worse than memorandum'

The document of proposals presented by to the Greek side by the institutions is worse than a memorandum, well-informed Greek sources in Brussels said on Friday.

They denounced the approach employed as "unacceptable" and stressed that Europe is based on the values of democracy and solidarity.
The institutions on Friday proposed to Greece a five month extension of the current programme (until end of November 2015), during which a total of 15.5 billion euros of financial support would be provided, according to a European source in Brussels.