Greece's Creditors Offer $17.3 Billion Package to End Standoff

Greece’s creditors offered to unlock aid of as much as 15.5 billion euros ($17.3 billion) for the indebted country, as Prime Minister Alexis Tsipras lamented the tough conditions demanded in return for the deal.

With Greece’s bailout set to expire Tuesday, creditors have proposed a five-month extension through November, a European official said Friday. The proposal, which was presented to a euro-area finance ministers meeting in Brussels on Thursday, is dependent upon the Greek government committing to so-called prior actions to implement economic measures, the official told reporters in Brussels, asking not to be named because negotiations are ongoing.