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| Greece debt crisis: Eurozone ministers to decide on bailout | Greece debt crisis: Eurozone ministers to decide on bailout |
| (34 minutes later) | |
| Eurozone finance chiefs are gathering in Brussels for a meeting that could decide whether new Greek proposals are sufficient to secure a third bailout and prevent a possible eurozone exit. | Eurozone finance chiefs are gathering in Brussels for a meeting that could decide whether new Greek proposals are sufficient to secure a third bailout and prevent a possible eurozone exit. |
| Greece's parliament overnight backed PM Alexis Tsipras's new package. | Greece's parliament overnight backed PM Alexis Tsipras's new package. |
| But he faced anger from some in his own party for proposing measures that were rejected in a referendum last Sunday. | But he faced anger from some in his own party for proposing measures that were rejected in a referendum last Sunday. |
| Greece's creditors gave an initially positive reaction to the plans but a bailout agreement is far from certain. | Greece's creditors gave an initially positive reaction to the plans but a bailout agreement is far from certain. |
| The creditors - the European Commission, European Central Bank and International Monetary Fund - have sent a first joint assessment to the eurozone ministers. | The creditors - the European Commission, European Central Bank and International Monetary Fund - have sent a first joint assessment to the eurozone ministers. |
| "Under certain conditions, they jointly see the proposals as a basis for negotiation," an EU official told Reuters. | "Under certain conditions, they jointly see the proposals as a basis for negotiation," an EU official told Reuters. |
| Greece is asking creditors for €53.5bn ($59.47bn; £38.4bn) to cover Greece's debts until 2018, but the amount of the new bailout could reach €74bn, as Greece is seeking a restructuring of its massive debt, which it says is unsustainable. | Greece is asking creditors for €53.5bn ($59.47bn; £38.4bn) to cover Greece's debts until 2018, but the amount of the new bailout could reach €74bn, as Greece is seeking a restructuring of its massive debt, which it says is unsustainable. |
| Analysis: Chris Morris, BBC News, Brussels | Analysis: Chris Morris, BBC News, Brussels |
| After multiple meetings in recent weeks, Saturday's meeting of eurozone finance ministers could be the one that really matters. | After multiple meetings in recent weeks, Saturday's meeting of eurozone finance ministers could be the one that really matters. |
| They will have to decide whether the new package of proposals from the Greek government is sufficiently detailed to allow formal talks on a third bailout to begin. | They will have to decide whether the new package of proposals from the Greek government is sufficiently detailed to allow formal talks on a third bailout to begin. |
| One senior official in Brussels said technical experts from the EU and the IMF had assessed the proposals positively, but ministers representing national governments will also have their say. | One senior official in Brussels said technical experts from the EU and the IMF had assessed the proposals positively, but ministers representing national governments will also have their say. |
| France has already welcomed the Greek plans, which include spending cuts and tax rises worth more then €12bn. But Germany leads a group of countries that still has serious doubts. | France has already welcomed the Greek plans, which include spending cuts and tax rises worth more then €12bn. But Germany leads a group of countries that still has serious doubts. |
| Will a deal be reached? | Will a deal be reached? |
| Did Greeks really fail to pay 89.5% of taxes? | Did Greeks really fail to pay 89.5% of taxes? |
| Of the €74, €58 could come from the EU's bailout fund, the European Stability Mechanism, with €16bn from the IMF, sources said. | Of the €74, €58 could come from the EU's bailout fund, the European Stability Mechanism, with €16bn from the IMF, sources said. |
| Greece's creditors have already provided more than €200bn in two bailouts over the past five years. The second expired on 30 June, when Greece fell into arrears on an IMF loan. | Greece's creditors have already provided more than €200bn in two bailouts over the past five years. The second expired on 30 June, when Greece fell into arrears on an IMF loan. |
| A euro working group began a technical revue of the new proposals in Brussels on Saturday morning. | A euro working group began a technical revue of the new proposals in Brussels on Saturday morning. |
| The 19 eurozone finance ministers will review the proposals afterwards and decide whether they form the basis for a new loan deal, and whether to supply Greece with interim funding. | The 19 eurozone finance ministers will review the proposals afterwards and decide whether they form the basis for a new loan deal, and whether to supply Greece with interim funding. |
| There will then be a meeting of Eurogroup leaders in Brussels on Sunday afternoon, followed two hours later by a full meeting of EU leaders. | There will then be a meeting of Eurogroup leaders in Brussels on Sunday afternoon, followed two hours later by a full meeting of EU leaders. |
| Although the new package has drawn support from the likes of France and Italy, the reaction from Germany, which is more exposed to Greek debt, has been more subdued. | Although the new package has drawn support from the likes of France and Italy, the reaction from Germany, which is more exposed to Greek debt, has been more subdued. |
| One EU source told Agence France-Presse the new Greek plan stood only a "50-50" chance of approval on Saturday. | One EU source told Agence France-Presse the new Greek plan stood only a "50-50" chance of approval on Saturday. |
| Crisis countdown | Crisis countdown |
| Will EU leaders choose Grexit? | Will EU leaders choose Grexit? |
| How has austerity affected the eurozone? | How has austerity affected the eurozone? |
| Ripple effect of crisis reaches Georgia | Ripple effect of crisis reaches Georgia |
| Without a deal, Greece risks crashing out of the euro. | Without a deal, Greece risks crashing out of the euro. |
| Banks have been closed for two weeks now and a €60 (£43; $66) daily limit on cash machine withdrawals, imposed on 28 June, remains in force for Greek citizens. Many people say they have only been able to withdraw €50, as there are no smaller denomination notes. | |
| The measures submitted in the new Greek document include: | The measures submitted in the new Greek document include: |
| Many of the ideas had previously been opposed by Mr Tsipras - and when put to the Greeks in a referendum last Sunday were soundly rejected. | Many of the ideas had previously been opposed by Mr Tsipras - and when put to the Greeks in a referendum last Sunday were soundly rejected. |
| The prime minister admitted that the package "entails many proposals that are far from our pledges, from what we feel is right for the recovery of the economy" and were only "marginally better" than proposals put forward by the creditors last month. | The prime minister admitted that the package "entails many proposals that are far from our pledges, from what we feel is right for the recovery of the economy" and were only "marginally better" than proposals put forward by the creditors last month. |
| But he said: "It is a choice of high national responsibility, we have a national duty to keep our people alive... we will succeed not only to stay in Europe but to live as equal peers with dignity and pride." | But he said: "It is a choice of high national responsibility, we have a national duty to keep our people alive... we will succeed not only to stay in Europe but to live as equal peers with dignity and pride." |
| Mr Tsipras needed the support of the opposition to win the vote in parliament. | Mr Tsipras needed the support of the opposition to win the vote in parliament. |
| In total, 251 MPs voted "Yes", 32 voted "No" with eight abstaining. Nine deputies were absent including former finance minister Yanis Varoufakis. | In total, 251 MPs voted "Yes", 32 voted "No" with eight abstaining. Nine deputies were absent including former finance minister Yanis Varoufakis. |
| The BBC's Mark Lowen in Athens says the package is a major climbdown for the prime minister. | The BBC's Mark Lowen in Athens says the package is a major climbdown for the prime minister. |
| The language of debt | The language of debt |
| Haircut: A reduction - or writedown - in the value of a troubled borrower's debts. In 2011, Greece's private lenders received a massive 50% haircut of what they were owed. At this stage the Greeks are being careful not to ask for debt haircuts. | Haircut: A reduction - or writedown - in the value of a troubled borrower's debts. In 2011, Greece's private lenders received a massive 50% haircut of what they were owed. At this stage the Greeks are being careful not to ask for debt haircuts. |
| Debt restructuring or rescheduling: Altering the terms of a loan in order to extend the repayment period. It may also mean dismissing part of the money owed. US Treasury Secretary Jacob Lew has said Greece's creditors should restructure the country's debt, but that such a move would not necessarily mean writing off a part of what Greece owes them. The IMF's boss Christine Lagarde has also said Greece needs debt restructuring. | Debt restructuring or rescheduling: Altering the terms of a loan in order to extend the repayment period. It may also mean dismissing part of the money owed. US Treasury Secretary Jacob Lew has said Greece's creditors should restructure the country's debt, but that such a move would not necessarily mean writing off a part of what Greece owes them. The IMF's boss Christine Lagarde has also said Greece needs debt restructuring. |
| All Greek to you? Debt jargon explained | All Greek to you? Debt jargon explained |
| How easy is it to swap currencies? | How easy is it to swap currencies? |