The Greek government has submitted new set of proposals to Eurozone in its fresh bid to stay afloat amidst the economic crisis. The proposals were submitted just 2 hours before the stipulated deadline expired. These proposals are now under the consideration of Eurozone officials.
The proposals include, reforms related to pension, taxes and spending and privatisation.
Greece has already been bailed out twice by its creditors and a default of third time might lead to its possible exit from the Eurozone.
Greek Prime Minister Alexis Tsipras consulted his government partners on the proposed reforms earlier in the day.
Mr Tsipras, the Greek Prime Minister has sought approval from the Parliament and the new proposals will be discussed and voted on Friday. On Saturday, the same plan will be on the table of Eurozone Finance Ministers. EU leaders will discuss the same in Brussels on Sunday.