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| Greece debt crisis: MPs to vote on new bailout plan | Greece debt crisis: MPs to vote on new bailout plan |
| (34 minutes later) | |
| Greek MPs are to vote later on whether to back PM Alexis Tsipras's tough new proposals to secure a third bailout. | Greek MPs are to vote later on whether to back PM Alexis Tsipras's tough new proposals to secure a third bailout. |
| The proposals are aimed at staving off financial collapse and preventing a possible exit from the eurozone. | The proposals are aimed at staving off financial collapse and preventing a possible exit from the eurozone. |
| Eurozone finance ministers will examine the new proposals, which include pension cuts and tax rises, ahead of a full EU summit on Sunday. | Eurozone finance ministers will examine the new proposals, which include pension cuts and tax rises, ahead of a full EU summit on Sunday. |
| Correspondents say Mr Tsipras's new plan contains many elements rejected in a referendum last Sunday. | |
| He is likely to face opposition from the left of his own Syriza party. | |
| However, a parliamentary spokesman for Syriza, Nikos Filis, said he was confident parliament would give the government the mandate to negotiate the new bailout package. | |
| The coalition government has 162 seats in the 300-strong parliament and also has the backing of many opposition MPs. | The coalition government has 162 seats in the 300-strong parliament and also has the backing of many opposition MPs. |
| Analysis: BBC's Mark Lowen in Athens | Analysis: BBC's Mark Lowen in Athens |
| Greece's parliament is likely to give approval to negotiate the deal, because support from the opposition will outweigh critics on the far left of the governing Syriza party. | Greece's parliament is likely to give approval to negotiate the deal, because support from the opposition will outweigh critics on the far left of the governing Syriza party. |
| But with the tax hikes and pension reforms very similar to what the creditors were originally demanding, what has Alexis Tsipras achieved by holding last Sunday's referendum? | But with the tax hikes and pension reforms very similar to what the creditors were originally demanding, what has Alexis Tsipras achieved by holding last Sunday's referendum? |
| Possibly some concessions on debt relief and growth measures - or possibly by showing Greeks that he was fighting until the 11th-hour, it will strengthen his hand here and allow him to implement the reforms. | Possibly some concessions on debt relief and growth measures - or possibly by showing Greeks that he was fighting until the 11th-hour, it will strengthen his hand here and allow him to implement the reforms. |
| There will, though, be plenty of critics who say he was elected because he promised to end austerity and he won a "No" vote just last Sunday. And now he's gone back on virtually every pledge. | |
| Chris Morris: Pressure on eurozone | Chris Morris: Pressure on eurozone |
| Crisis triggers memories of World War Two | Crisis triggers memories of World War Two |
| Angela Merkel under pressure over Greek bailout deal | Angela Merkel under pressure over Greek bailout deal |
| All Greek to you? Debt jargon explained | All Greek to you? Debt jargon explained |
| Mr Tsipras convened a meeting of Syriza ahead of the parliamentary debate. | |
| A government official quoted him as telling the party's lawmakers that the referendum had given him a mandate to seek a better deal but not to leave the eurozone. | |
| "We are all in this together," he was quoted as saying. | |
| The prime minister submitted the proposals to Greece's creditors - the European Commission, the European Central Bank and the International Monetary Fund - by the Thursday deadline they had set. | The prime minister submitted the proposals to Greece's creditors - the European Commission, the European Central Bank and the International Monetary Fund - by the Thursday deadline they had set. |
| According to Greek media reports, the measures submitted include: | According to Greek media reports, the measures submitted include: |
| Humiliation? | Humiliation? |
| Energy Minister Panagiotis Lafazanis on Thursday urged the government not to agree to a bailout that would "surrender, loot and subjugate our people". | Energy Minister Panagiotis Lafazanis on Thursday urged the government not to agree to a bailout that would "surrender, loot and subjugate our people". |
| He said the "No" vote in last Sunday's referendum, when Greeks rejected creditors' terms for a new bailout, should not be turned into a "humiliating 'Yes'". | He said the "No" vote in last Sunday's referendum, when Greeks rejected creditors' terms for a new bailout, should not be turned into a "humiliating 'Yes'". |
| Further rallies are planned in Athens on Friday, both backing and opposing the terms of a new bailout. | Further rallies are planned in Athens on Friday, both backing and opposing the terms of a new bailout. |
| There has been no immediate response to the new proposals from the creditors. | There has been no immediate response to the new proposals from the creditors. |
| However, Malta's Prime Minister Joseph Muscat, who on Tuesday was highly critical of Greece's failure to provide new plans, tweeted: "At first glance, Greece proposals provide a basis for discussion." | |
| The plans will be discussed at technical level on Friday, before a meeting of eurozone finance ministers in Brussels on Saturday. There will then be a meeting of Eurogroup leaders on Sunday afternoon and a full EU summit two hours later. | The plans will be discussed at technical level on Friday, before a meeting of eurozone finance ministers in Brussels on Saturday. There will then be a meeting of Eurogroup leaders on Sunday afternoon and a full EU summit two hours later. |
| European Council President Donald Tusk has described the situation as "maybe the most critical moment" in EU history. | European Council President Donald Tusk has described the situation as "maybe the most critical moment" in EU history. |
| Greece's creditors have already provided more than €200bn in two bailouts since a rescue plan began five years ago. | Greece's creditors have already provided more than €200bn in two bailouts since a rescue plan began five years ago. |
| The second bailout expired on 30 June. | The second bailout expired on 30 June. |
| For the third bailout, Greece is reportedly seeking €53.5bn and a restructuring of its huge debt burden. | For the third bailout, Greece is reportedly seeking €53.5bn and a restructuring of its huge debt burden. |
| Greece's banks are still closed and the €60 (£43; $66) daily limit on cash machine withdrawals, imposed on 28 June, remains in force. | |
| 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 |
| Greek scenarios | Greek scenarios |
| European Stability Mechanism explained | European Stability Mechanism explained |