Greece prepares to submit fresh reform plan
Authorities in Greece are said to be rushing to complete the latest submission of their reform plan amid reports the country is struggling to meet its day-to-day financing commitments.
According to the Sunday Times, senior sources in Athens have revealed that the reform plan will be submitted by Wednesday and that Greek powers are looking for a decision from European finance ministers by Friday.
They are also hoping to gain access to the final cash injection worth £5.2bn, which was agreed as part of its bail-out deal.
The more detailed submission comes after the country's seven-point reform plan was rejected. According to a Greek government official, the document will offer more in-depth information about clampdowns on tax evasion, banks' handling of soured loans and how much money the new plans will generate.
According to the newspaper, the official said "Europe wants to know what the repercussions of the reforms will be and how they will be financed".
Prime Minister Alexis Tsipras is due to fly to Berlin on Monday to meet with German chancellor Angela Merkel to discuss the country's economic outlook and the latest reform plan.
Meanwhile, the European Union is reportedly planning to tackle what Athens has termed its "humanitarian crisis" with two billion euros to support growth.
The Sunday Times cited a source close to the Greek government who said the fund has yet to be "officially finalised".