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Greece, creditors in fresh bid to secure loan deal as IMF debt deadline looms

  • Greek Prime Minister Alexis Tsipras, left, leaves in his car after a meeting at EU headquarters in Brussels on Wednesday, June 24, 2015. Eurozone finance ministers meet Wednesday to discuss the Greek bailout. (AP Photo/Virginia Mayo)

    Greek Prime Minister Alexis Tsipras, left, leaves in his car after a meeting at EU headquarters in Brussels on Wednesday, June 24, 2015. Eurozone finance ministers meet Wednesday to discuss the Greek bailout. (AP Photo/Virginia Mayo)  (The Associated Press)

  • A man collects metal scrap from a chair  in central Athens, Wednesday, June 24, 2015. Prime Minister Alexis Tsipras has arrived in Brussels to meet with the heads of the International Monetary Fund, the European Central Bank and the European Union's executive Commission, the meeting is meant to smooth over some differences on the reforms that Greece proposed to creditors in exchange for rescue loans that it needs to not default on a debt payment June 30. (AP Photo/Daniel Ochoa de Olza)

    A man collects metal scrap from a chair in central Athens, Wednesday, June 24, 2015. Prime Minister Alexis Tsipras has arrived in Brussels to meet with the heads of the International Monetary Fund, the European Central Bank and the European Union's executive Commission, the meeting is meant to smooth over some differences on the reforms that Greece proposed to creditors in exchange for rescue loans that it needs to not default on a debt payment June 30. (AP Photo/Daniel Ochoa de Olza)  (The Associated Press)

  • Managing Director of the International Monetary Fund Christine Lagarde, right, arrives for a round table meeting of eurogroup finance ministers at the EU LEX building in Brussels on Wednesday, June 24, 2015. Eurozone finance ministers meet Wednesday to discuss the Greek bailout. (AP Photo/Virginia Mayo)

    Managing Director of the International Monetary Fund Christine Lagarde, right, arrives for a round table meeting of eurogroup finance ministers at the EU LEX building in Brussels on Wednesday, June 24, 2015. Eurozone finance ministers meet Wednesday to discuss the Greek bailout. (AP Photo/Virginia Mayo)  (The Associated Press)

Greece and its creditors launched a new round of talks in Brussels early Thursday in a fresh bid to unlock billions of euros in loans and save the country from bankruptcy.

Prime Minister Alexis Tsipras met with representatives of the main lending institutions, under pressure to seal an agreement before facing other European Union leaders at a summit later Thursday.

Technical experts were meanwhile sifting through Greece's latest offer of far-reaching reforms in exchange for debt relief, just days before Athens is scheduled to make yet another repayment to the International Monetary Fund.

Tsipras is also under massive pressure from Greeks themselves as the compromises suggested so far will mean new hardship for citizens already suffering the impact of past austerity measures to bring public spending back into line.