Greece says it has made creditors additional proposals on budget, debt to clinch bailout deal

Greece's Prime Minister Alexis Tsipras leads a meeting with Palestinian foreign minister Riyad Al-Maliki at Maximos Mansion in Athens, on Monday, June 8, 2015. German Chancellor Angela Merkel said at the Group of Seven summit in Germany on Monday that Greece needs to agree to take steps to straighten out its finances and economy, as it negotiates with other eurozone countries and the International Monetary Fund for more bailout loan money. (AP Photo/Thanassis Stavrakis) (The Associated Press)

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People wait for a soup kitchen to open, organized daily by the municipality of Athens, Tuesday, June 9, 2015. Greek officials say they have made new proposals aimed to strike a quick deal with bailout creditors and unlock vitally needed rescue funds. (AP Photo/Thanassis Stavrakis) (The Associated Press)

A lottery vendor reads a flyer as tourists use an ATM of a bank in Athens, Tuesday, June 9, 2015. Greek officials say they have made new proposals aimed to strike a quick deal with bailout creditors and unlock vitally needed rescue funds. (AP Photo/Thanassis Stavrakis) (The Associated Press)

Greek officials say they have made new proposals aimed to strike a quick deal with bailout creditors and unlock vitally needed rescue funds.

The proposals were submitted Monday to the European Union's economic and monetary affairs chief, Pierre Moscovici.

A Greek official said Tuesday the two texts contained alternative ideas on budget measures required for creditors to approve the bailout payment, and proposals on "a workable plan" to render Greece's crushing debt load viable.

The submission follows last week's impasse, when bailout creditors responded to a 47-page Greek proposal with a brief counter-offer that Athens rejected as containing "absurd" measures.

A deal must be struck before the end of June, when Greece's bailout program ends.

https://www.foxnews.com/world/greece-says-it-has-made-creditors-additional-proposals-on-budget-debt-to-clinch-bailout-deal