Greek creditors want 'more binding commitments'

A European official at the Greek bailout talks says creditors want "more specific and binding commitments" from the Greek government that it will stick to its reform promises.

The official, who spoke on condition of anonymity because he's not authorized to talk publicly, says there's a general feeling in the room that the Greek proposals are "too little, too late" and as such, more proof of the government's commitment to follow through is required.

The official said these commitments don't "necessarily have to be austerity measures."

Greece is struggling to overcome a trust deficit at the eurogroup meeting in Brussels, which has been called to assess the government's proposals. Greece needs to convince creditors of its plan so it can get another financial rescue and avoid an exit from the euro.