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Greek shares flat as investors await details on government's bailout compromise proposal

Associated Press
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Greece's Prime Minister Alexis Tsipras chats with Greece's Finance Minister Yanis Varoufakis during a Presidential vote in Athens, on Wednesday, Feb. 18, 2015. Greece’s parliament has elected conservative law professor and veteran politician Prokopis Pavlopoulos as the country’s next president, after he received support from the new left-wing government and main center-right opposition party.(AP Photo/Petros Giannakouris) (The Associated Press)

A pedestrian passes outside a small Greek Orthodox church in Athens on Thursday, Feb. 19, 2015. Greece requested Thursday a six-month extension in its rescue loan agreement — but not the associated budget measures — in a last-moment bid to break a deadlock with European creditors over its bailout program and end uncertainty over its future in the euro. (AP Photo/Thanassis Stavrakis) (The Associated Press)

People use an ATM as a homeless man sleeps outside a bank in Athens on Thursday, Feb. 19, 2015. Greece requested Thursday a six-month extension in its rescue loan agreement — but not the associated budget measures — in a last-moment bid to break a deadlock with European creditors over its bailout program and end uncertainty over its future in the euro. (AP Photo/Thanassis Stavrakis) (The Associated Press)

Greek shares are flat in morning trading, as investors await the details of a last-minute compromise proposal from Athens to break a deadlock with European creditors over Greece's frozen bailout program.

Government spokesman Gavriil Sakellaridis says Greece is doing everything it can to reach a speedy and mutually acceptable deal with the other 18 European countries that use the euro currency.

But he insisted, speaking to private Skai TV, that the new radical left-led government would not accept further austerity measures to secure continuation of the bailout support Greece badly needs.

Eurozone finance ministers have given Greece until Friday to request an extension of its current austerity and reform program.

The weeks-old government in Athens is expected to submit a proposal Thursday for extension of the loans, without further austerity.