If Greece were to accept the plan, 10.9 billion euros in unused bank bailout funds will be unlocked.
In Brussels, Greek Prime Minister Alexis Tsipras remains unruffled. Sources claim a deal is close to being agreed. The Athens Stock Exchange went up five percent on the news.
It comes after deadlocked talks with Germany’s Angela Merkel and French President Francois Hollande broke up last night, with both saying efforts to resolve the crisis must be intensified.
Tsipras is scheduled to have a meeting with European Commission President Jean-Claude Juncker later today.
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