Greek Economy Minister Giorgos Stathakis proposes higher taxes on businesses and wealthy rather than wages and pensions cuts in offer to creditors

Greek Economy Minister Giorgos Stathakis proposes higher taxes on businesses and wealthy rather than wages and pensions cuts in offer to creditors Economy Minister Giorgos Stathakis said the 'red line' is further such cuts, in line with an earlier offer by Greek PM Alexis Tsipras (pictured). A top EU official compared the negotiations to a 'forceps delivery'.