Many of Greece's debt demands are going to be accepted: Tsakalotos

Athens

Greek Finance Minister Euclid Tsakalotos said Friday he believed "many" of his country's demands for debt relief will be accepted by eurozone partners, which are weighing a bailout proposal.

"Many of Greece's debt demands are going to be accepted," he told a parliamentary commission examining the plan.

He notably expressed confidence that Greece will be permitted to roll over a debt of 27 billion euros ($30 billion) in bonds held by the European Central Bank to the European Stability Mechanism, which would push back repayments.

Greece has submitted a proposal of reforms it will undertake if its creditors provide it with a third bailout to stave off economic collapse.

Much of the package consists of concessions to the creditors, especially on taxes and cutting pension costs. Athens is hoping it will pave the way to easing servicing of its massive 323-billion-euro debt mountain, which it says is unsustainable.