Eurozone welcomes new Greek debt plans

Brussels

EUROZONE finance ministers welcomed new Greek proposals for a cash-for-reform deal on Monday but said they required detailed study and it would take several days to determine whether they can lead to an agreement to avert a default.

Jeroen Dijsselbloem, chairman of the 19-nation Eurogroup, told a news conference: "We will work very hard in the next few days, the institutions with the Greek government, to get that deal this week."

The ministers agreed to reconvene later this week, after Greece has thrashed out details with its international creditors - the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF).

Mr Dijsselbloem described the Greek document as comprehensive and "a basis to really restart the talks" but said it remained to be seen whether the numbers added up to make…