MILAN: Greece has presented new proposals to its creditors as it tries to stave off the risk of a debt default, French President Francois Hollande said on Sunday.
"Greece sent to the European Commission, and I think to the institutions - that is the International Monetary Fund and the European Central Bank - its new proposals," Hollande said during a press conference with Italian premier Matteo Renzi in Milan.
Hollande said that some countries may have a copy of the new proposals but that it was the institutions that would conduct talks with Greece to reach a solution.
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