Greece submits new bailout plan to avoid euro exit

With the crisis reaching a climax that could have dire consequences for the global economy, the proposals from Athens landed in Brussels less than two hours before a midnight deadline. Eurozone officials will now study the details of the plan -- which creditors say must include pension and tax reforms -- before a make-or-break summit of all 28 European leaders on Sunday. Important for (creditor) institutions to consider these in their assessment," said Michel Reijns, a spokesman for the hea