Greece's Prime Minister arrives for an inner cabinet, to brief it on the Eurogroup meeting and discuss the proposals, at the Greek Parliament in Athens on Saturday, Feb. 21, 2015. (AP Photo/InTime News, Kostas Baltas)
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Greece raced Sunday to finalize reform proposals that would keep its loan lifeline open under an EU debt deal that saw its anti-austerity ambitions curtailed.Europe Friday gave Greece until Monday to present credible proposals that would convince its creditors to grant a four-month extension of its debt bailout.While fears of a disastrous Greek exit from the eurozone receded, the 40-year-old premier warned that the "real difficulties" lie ahead. He said his government would now focus on negotiating a new reform blueprint with Greece's creditors by June. The government which came to power last month pledging to end deeply unpopular austerity measures and renegotiate Greece's huge debt had asked for a six-month loan assistance until it can submit its four-year reform plans. On Saturday, he added that a new eurozone meeting would be called if Greece's proposals are rejected.
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