Brussels - The new reform proposal that Greece submitted to the institutions representing its creditors on Tuesday is not sufficient to strike a deal that would unlock new funding for cash-strapped Athens, European Union officials said.
"What has been submitted is not sufficient to move the process forward," one EU official told Reuters.
"It is not sufficient and not acceptable to member states, I would say," a second official said.
The chief spokesperson for the European Commission, which received the Greek proposal, reiterated after their comments that the EU executive was studying the suggestions and stressed that other EU officials "do not speak for" the Commission.
The spokesman, Margaritis Schinas, earlier told reporters that the Commission, along with the European Central Bank and IMF, was assessing the Greek suggestions "with diligence and care" and declined to comment on the nature of the proposal.