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The Latest: Greek leader Tsipras says government preparing proposals ahead of Thurs deadline

  • People line up to withdraw cash from a bank machine in central Athens, Wednesday, July 8, 2015. Frustrated and angry eurozone leaders fearing for the future of their common currency gave the Greek Prime Minister Alexis Tsipras a last-minute chance Tuesday to finally come up with a viable proposal on how to save his country from financial ruin. (AP Photo/Emilio Morenatti)

    People line up to withdraw cash from a bank machine in central Athens, Wednesday, July 8, 2015. Frustrated and angry eurozone leaders fearing for the future of their common currency gave the Greek Prime Minister Alexis Tsipras a last-minute chance Tuesday to finally come up with a viable proposal on how to save his country from financial ruin. (AP Photo/Emilio Morenatti)  (The Associated Press)

  • People line up to withdraw cash from a bank machine in central Athens, Wednesday, July 8, 2015. Frustrated and angry eurozone leaders fearing for the future of their common currency gave the Greek Prime Minister Alexis Tsipras a last-minute chance Tuesday to finally come up with a viable proposal on how to save his country from financial ruin. (AP Photo/Emilio Morenatti)

    People line up to withdraw cash from a bank machine in central Athens, Wednesday, July 8, 2015. Frustrated and angry eurozone leaders fearing for the future of their common currency gave the Greek Prime Minister Alexis Tsipras a last-minute chance Tuesday to finally come up with a viable proposal on how to save his country from financial ruin. (AP Photo/Emilio Morenatti)  (The Associated Press)

  • Men sit at a coffee shop in central Athens, Wednesday, July 8, 2015. Frustrated and angry eurozone leaders fearing for the future of their common currency gave the Greek Prime Minister Alexis Tsipras a last-minute chance Tuesday to finally come up with a viable proposal on how to save his country from financial ruin. (AP Photo/Emilio Morenatti)

    Men sit at a coffee shop in central Athens, Wednesday, July 8, 2015. Frustrated and angry eurozone leaders fearing for the future of their common currency gave the Greek Prime Minister Alexis Tsipras a last-minute chance Tuesday to finally come up with a viable proposal on how to save his country from financial ruin. (AP Photo/Emilio Morenatti)  (The Associated Press)

The latest on the Greek financial crisis (all times Athens local):

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12:05 p.m.

Greek Prime Minister Alexis Tsipras says his country has submitted a broad proposal to get another rescue plan and will present details in the coming days.

His government faces a Thursday deadline to present the detailed plan on how to save Greece from financial ruin, before a European Union summit Sunday.

Tsipras says his country wants a deal that will mean a definitive end to Greece's protracted financial crisis, and that last Sunday's referendum result does not mean a break with Europe.

Speaking to the European Parliament in Strasbourg on Wednesday, Tsipras says Greece's troubles date to long before he took office five months ago.

European leaders have readied a "Grexit scenario" about a possible exit from the euro.