EU official calls Greek proposal 'good basis for progress'

FXStreet (Bali) - The chief-of-staff to European Commission President Jean-Claude Juncker called the new Greek debt proposal "good basis for progress" at the Euro summit on Monday, Reuters reports.

As Reuters adds: "In a tweet, Martin Selmayr said the proposal by Greek Prime Minister Alexis Tsipras had been received by Juncker, ECB chief Mario Draghi and IMF head Christine Lagarde. "Good basis for progress at ... Euro summit," he wrote in English. Selmayr, who is German, added: "In German, 'eine Zangengeburt'" - meaning a "forceps delivery". He gave no details."