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Greece submits economic reform plan | Greece submits economic reform plan |
(35 minutes later) | |
The Greek government has submitted proposals for economic reforms in a effort to secure a further bailout from its international creditors. | |
A spokesman for Jeroen Dijsselbloem, who chairs the Eurogroup of finance ministers, said he had received the plans. | A spokesman for Jeroen Dijsselbloem, who chairs the Eurogroup of finance ministers, said he had received the plans. |
Greece's PM Alexis Tsipras spent the day seeking to gain his government partners' agreement on the reforms. | Greece's PM Alexis Tsipras spent the day seeking to gain his government partners' agreement on the reforms. |
The reforms are thought to include tax rises and pension changes. | The reforms are thought to include tax rises and pension changes. |
Follow our live updates here | Follow our live updates here |
Mr Tsipras's proposals will be studied by eurozone finance minister on Saturday, and by EU leaders at a summit in Brussels on Sunday. | |
The Greek government will also seek parliamentary approval for the reform package. | |
Greek voters decisively rejected previous austerity proposals from the country's lenders in a referendum on Sunday. | |
According to reports in the Greek media, the measures submitted on Thursday evening involve tax rises and spending cuts worth more than 12bn euro - more than those rejected in the referendum. | |
Greek banks have been closed for nearly a fortnight with limits placed on cash withdrawals. |