Greece offers new proposals to avert default, creditors see hope

Greece took a step back from the abyss on Monday with the presentation of new budget proposals that eurozone leaders welcomed as a basis for a possible agreement in the coming days.

Greece offers new proposals to avert default, creditors see hope source: http://finance.yahoo.com/news/eu-welcomes-11th-hour-greek-proposals-forceps-delivery-013008357--business.html