Alexis Tsipras

A closely watched session of the so-called “Brussels Group” of creditors’ representatives and the Greek government’s negotiators comes on Tuesday, with the differences between the leftist government and its partners now clear and delineated.

Government officials on Monday expressed confidence that Greece was close to a deal with creditors that would allow loans to be unlocked but pressure is growing on Prime Minister Alexis Tsipras from abroad and on the domestic front.

Greece will honour its debt repayment obligations to international lenders "to the extent" that it is able to pay, a government official said on Monday.

By Emma O?Brien & Nick Gentle

The euro weakened after Greece told creditors to lower demands that are holding up bailout funds. Emerging-market stocks fell as speculation grew the U.S. was moving closer to raising interest rates, while Poland?s zloty slid to a two-month low and Spanish markets dropped.

New Democracy MP Dora Bakoyannis fears that if Greece does not reach an agreement with lenders this week it will be forced to implement capital controls over the weekend.

Speaking on Skai TV on Monday, the ex-foreign minister called on Prime Minister Alexis Tsipras to seal and agreement with the institutions and bring it to Parliament for approval as soon as possible.

By Marcus Bensasson

Greece called on the country?s creditors to compromise on demands to break an impasse over the release of funds for its cash-strapped economy as a deadline neared for payments due next month to the International Monetary Fund.

Prime Minister Alexis Tsipras faced his biggest challenge from within the Radical Left Coalition (SYRIZA) on Sunday after weeks of simmering dissent among his group’s Left Platform, the more radical faction of the government.

Ruling SYRIZA party’s apparent “soul searching” vis-à-vis the dilemma of “compromise for cash” or “no retreat” in the face of creditors’ conditions was played out at a marathon session of the radical leftist party’s central committee on Sunday.

 Restructuring of consumption taxation will not affect labor balance and lead to a reduction of imports

By Dimitris Kontogiannis

For FT’s Wolfgang Münchau’s the “fate of Greece” lies with leftist PM Alexis Tsipras, whereas for freelance columnist Hugh Dixon, the “Greek Deal” lies with the “people”, obviously the Greek people, in this case.