Expand / Collapse search
Watch TV
Menu

This material may not be published, broadcast, rewritten, or redistributed. ©2024 FOX News Network, LLC. All rights reserved. Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.

World

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

Associated Press
Published | Updated
  • 015087de-
    Image 1 of 3

    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)

  • 01d715fe-
    Image 2 of 3

    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)

  • af312240-
    Image 3 of 3

    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)

ATHENS, Greece – The latest on the Greek financial crisis (all times Athens local):

___

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.