Athens gives new debt proposals ahead of crucial summit to end crisis

Athens

GREEK Prime Minister Alexis Tsipras unveiled new proposals to European leaders on Sunday aimed at ending his country's debt crisis, on the eve of a summit which could determine whether Greece crashes out of the euro zone.

In a telephone call with German Chancellor Angela Merkel, French President Francois Hollande and European Commission President Jean-Claude Juncker, Mr Tsipras unveiled the new proposals on a "mutually beneficial deal", the Greek premier's office said in a statement.

It said that the plans were aimed at reaching a "definitive solution" to the standoff between Athens and its creditors - the European Commission, International Monetary Fund (IMF) and European Central Bank - amid growing global concern over a potential "Grexit" from the eur…