28/06/2001 (Agence Europe) - According to sources close to the issue, GE has reportedly proposed a last minute compromise to the European Commission in the hope of seeing its merger with Honeywell accepted, a merger that the European Executive is preparing to block. The concessions would focus on the Gecas subsidiary, the stumbling block that had hampered discussions. The spokesperson for Commissioner Monti confirmed that new discussions were under way between the Commission and the parties, but left little hope that the decision would be deferred until after 12 July (which would have given the Americans more time to adjust their new proposals), stressing that the timetable for review of the mergers was "binding". "The decision is awaited for next week …", she replied to questions.