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| Greece debt crisis: Eurozone receives economic reform plan | Greece debt crisis: Eurozone receives economic reform plan |
| (35 minutes later) | |
| The Greek government has submitted economic reform proposals to try to secure a further bailout from its creditors, eurozone officials say. | The Greek government has submitted economic reform proposals to try to secure a further bailout from its creditors, eurozone officials say. |
| They say they received the plan late on Thursday - just two hours before a midnight deadline. They will now study it ahead of EU meetings at the weekend. | They say they received the plan late on Thursday - just two hours before a midnight deadline. They will now study it ahead of EU meetings at the weekend. |
| The measures include tax rises, pension reforms, privatisation and spending cuts, Greek media say. | |
| Greece needs a third bailout to avoid a default and a possible euro exit. | |
| 'No capitulation' | 'No capitulation' |
| Jeroen Dijsselbloem, the head of the 19-member eurozone group of finance ministers, confirmed that he had received the Greek proposals. | Jeroen Dijsselbloem, the head of the 19-member eurozone group of finance ministers, confirmed that he had received the Greek proposals. |
| Earlier, Greek Prime Minister Alexis Tsipras spent the day seeking agreement on the reforms from his government partners. | Earlier, Greek Prime Minister Alexis Tsipras spent the day seeking agreement on the reforms from his government partners. |
| On Friday, the Greek parliament will vote on Mr Tsipras' proposals. The plan will be then considered by eurozone finance ministers on Saturday, and by EU leaders at a summit in Brussels on Sunday. | On Friday, the Greek parliament will vote on Mr Tsipras' proposals. The plan will be then considered by eurozone finance ministers on Saturday, and by EU leaders at a summit in Brussels on Sunday. |
| Crisis triggers memories of World War Two | Crisis triggers memories of World War Two |
| All Greek to you? Debt jargon explained | All Greek to you? Debt jargon explained |
| Greek voters decisively rejected previous austerity proposals from the country's lenders in a referendum on Sunday. | Greek voters decisively rejected previous austerity proposals from the country's lenders in a referendum on Sunday. |
| According to Greek media reports, the measures submitted on Thursday include: | |
| Although reforms rejected in the referendum will now be conceded, this is no capitulation by Mr Tsipras, the BBC's Chris Morris in Brussels reports. | Although reforms rejected in the referendum will now be conceded, this is no capitulation by Mr Tsipras, the BBC's Chris Morris in Brussels reports. |
| He is asking for far more in return than was on offer last month, our correspondent adds. Greece is reportedly seeking €53.5 as part of a new bailout package and restructuring of its huge debt burden. | He is asking for far more in return than was on offer last month, our correspondent adds. Greece is reportedly seeking €53.5 as part of a new bailout package and restructuring of its huge debt burden. |
| Earlier on Thursday, European Council President Donald Tusk said creditors would need to respond to Greece's reform plans with a "realistic proposal on debt sustainability". | Earlier on Thursday, European Council President Donald Tusk said creditors would need to respond to Greece's reform plans with a "realistic proposal on debt sustainability". |
| Greek scenarios | Greek scenarios |
| European Stability Mechanism explained | European Stability Mechanism explained |
| Mr Tusk's comments could be seen as supporting calls to reduce Greece's debt burden. | Mr Tusk's comments could be seen as supporting calls to reduce Greece's debt burden. |
| But the German Chancellor Angela Merkel ruled out debt reduction, saying she was against "the classic haircut". | But the German Chancellor Angela Merkel ruled out debt reduction, saying she was against "the classic haircut". |
| Greek banks have been closed for nearly a fortnight with limits placed on cash withdrawals. | Greek banks have been closed for nearly a fortnight with limits placed on cash withdrawals. |
| Crisis countdown | Crisis countdown |
| Tsipras, Greece's high-stakes gambler | Tsipras, Greece's high-stakes gambler |
| Why Greece sees France as last hope | Why Greece sees France as last hope |
| How easy is it to swap currencies? | How easy is it to swap currencies? |
| Full coverage of Greek debt crisis | Full coverage of Greek debt crisis |