Submitted by m.kaltenboeck@s... on Tue, 06/23/2015 - 11:28
Eurozone leaders have broadly welcomed new proposals for Greek reforms amid hopes a deal can be struck within days to stop Greece defaulting on its debt.
German Chancellor Angela Merkel said Greece's latest offer constituted "some progress". But she said more work was needed and "time is short".
Greece must repay a €1.6bn (£1.1bn) International Monetary Fund (IMF) loan by the end of the month.
If it fails to do so, it risks crashing out of the euro and possibly the EU.
