Greece debt crisis: Deadline day for new proposals

Greece has until the end of Thursday to present new proposals to secure a third bailout from creditors and prevent a possible exit from the eurozone.

Prime Minister Alexis Tsipras said the "next hours will be crucial". The new proposals will be studied by eurozone finance ministers on Saturday and a full EU summit on Sunday.

The Greek government has meanwhile extended bank closures and the €60 (£43; $66) daily limit on cash machine withdrawals until Monday.

The curbs were imposed on 28 June, after a deadlock in bailout talks with creditors led a rush of withdrawals.

Louka Katseli, the head of the Greek bank association, said on Thursday that there was enough liquidity in cash machines to serve the public until Monday.

'Viable solution'

Mr Tsipras returned to Athens on Wednesday night after meetings in Brussels and an address to the European Parliament.

He went straight into talks with other political parties. Mr Tsipras said: "These are crucial times and it's necessary to provide proper information to the political parties so that there are no misunderstandings. "I think we're proceeding within the framework of what was agreed and the next hours will be crucial."