EU welcomes 11th-hour Greek proposals in 'forceps delivery'

BRUSSELS/ATHENS (Reuters) - The European Union welcomed new proposals from Greek Prime Minister Alexis Tsipras as a "good basis for progress" at talks on Monday where creditors want 11th-hour concessions to haul Athens back from the brink of bankruptcy. EU chief executive Jean-Claude Juncker's chief-of-staff spoke of a "forceps delivery" as officials worked late into the night to produce a deal ahead of a summit of euro zone leaders in Brussels that they hope can keep Greece in the currency bloc. Giving no detail of a proposal he said was also received by the European Central Bank and International Monetary Fund, German EU official Martin Selmayr tweeted: "Good basis for progress at ... Euro Summit.

EU welcomes 11th-hour Greek proposals in 'forceps delivery' source: http://finance.yahoo.com/news/eu-welcomes-11th-hour-greek-013147475.html