Greek PM Tsipras: Detailed Proposal Coming In Next Few Days

By Sara SjolinMarketWatch Pulse

Greece will submit a detailed reform proposal in the next few days, in a bid to unlock further bailout aid, the country's Prime Minister Alexis Tsipras told the European Parliament on Wednesday. Referring to his country's resounding "no" in Sunday's referendum, Tsipras stressed the vote wasn't a signal for Greece to break with Europe, but to return to the negotiating table with a stronger mandate. "We've now been given a mandate to double our efforts to get a socially just and economically viable agreement, without the mistakes of the past that caused a recessionary spiral," he said. "We want an agreement that will give a final end to crisis, show there is light at the end of the tunnel," he added. The Greek premier also confirmed that his country is ot the "verge of bankruptcy." His comments come a day after eurozone leaders gave Greece a final deadline of Sunday, July 12 to reach a deal with lenders.

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