Greek Proposals to Lenders Include EU Investments, Debt Restructuring

© REUTERS / Alkis KonstantinidisGreek Prime Minister Alexis Tsipras looks at his watch as he delivers a speech during a parliamentary session in Athens, Greece in this June 28, 2015
Greek Prime Minister Alexis Tsipras looks at his watch as he delivers a speech during a parliamentary session in Athens, Greece in this June 28, 2015 - Sputnik International
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Greece has put forward proposals aimed at reaching a socially just agreement with lenders in exchange for the European Union taking upon itself obligations on debt restructuring and investing in Greek economy, Greek Prime Minister Alexis Tsipras said Tuesday.

ATHENS (Sputnik) — Earlier on Tuesday, French President Francois Hollande told reporters that Athens has presented only partial proposals on how to resolve the Greek debt during a meeting of the Eurogroup, and these proposals must be specified and completed.

"Greek government has put forward today both at Eurogroup and at the Eurozone Summit, the proposals, presented as a national strategy… Main aim is to reach a viable agreement, socially just… for both Greece and the Eurozone."

Protesters wave Greek and EU flags during a pro-Euro rally in front of the parliament building, in Athens, Greece, June 30, 2015 - Sputnik International
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According to the Greek Prime Minister, the agreement between Greece and its lenders should include "obligations for the other side [the EU] to cover financial needs of the country in a medium-term perspective, a package of investments to fight the big problem of unemployment and the resumption of much-needed debt restructuring."

Greece's overall debt stands at about $350 billion, of which $270 billion is owed to the European Central Bank, the International Monetary Fund and some eurozone countries

On Sunday's referendum more than 61 percent of the Greek public voted "no" on creditors-proposed bailout plan that envisaged spending cuts and tax increases in exchange for another loan.

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