Greece`s plan is said to include a call for Greece`s debt to be cut by up to 30%, according to the BBC.
Asian markets were mixed ahead of the meeting Tuesday. Japan`s Nikkei 225 index gained 1.3% to close at 20,376.59 while Hong Kong`s Hang Seng index lost 1%. The Shanghai composite dropped 1.3% despite official efforts to shore up Chinese shares, which have fallen nearly 30% after peaking on June 2.
U.S. stock futures were higher, with the Dow gaining 0.5%, the S&P 500 0.6% and the Nasdaq 0.5%.
European markets were mixed in early trading— Germany`s DAX rose 0.3%, France`s CAC 40 was up 0.2% and Britain`s FTSE 100 index lost 0.1%.
In the referendum Sunday, 61.3% of voters rejected demands for further austerity measures by the International Monetary Fund, European Central Bank and European Commission.
The outlook for Greece remains unclear amid fears it could be forced from the eurozone. The European Central Bank on Monday said it can`t increase the amount of emergency credit that it provides to Greek banks.
Banks have been closed for a week, with strict limits on daily ATM withdrawals, and will stay closed on Tuesday and Wednesday.
Germany`s EU commissioner said he was optimistic that Euclid Tsakalotos, Greece`s new finance minister, could help negotiations after the resignation of the previous finance minister,Yanis Varoufakis, whose confrontational style had alienated European finance ministers,
Commissioner Guenther Oettinger told Deutschlandfunk radio Tuesday that Tsakalotos "doesn`t have the same attitude as his predecessor. He knows the figures, the facts, he knows our reform proposals ... and he knows that we are flexible," the Associated Press reported.
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