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Greeks to submit 'socially just' financial proposals

Greek prime minister Alexis Tsipras says the Greek government is to submit a proposal that aims for a socially just and economically viable agreement.

The proposal includes "credible reforms" in return for a commitment to "adequate funding", he said, adding that he wants the process to conclude by the end of the week - with a "final exit to the crisis".

"The discussion was held in a positive atmosphere. The process will be fast, it starts in the coming hours with the aim of concluding it by the end of the week, at the latest," Tsipras told reporters after an emergency summit of euro zone leaders.

"The Greek side will continue the effort, having the strong weapon of the Greek people's verdict ... the vast majority's will for a viable agreement to end the discussion (about a Grexit) and offer the prospect of finally exiting the crisis."

Two killed in crash between F-16 and Cessna plane

Two people on board a Cessna aircraft that collided in midair with an F-16 fighter jet over South Carolina were killed in the crash, according to an official with the National Transportation Safety Board.

Officials did not give the identities of the two people killed in the crash.

The pilot of the F-16, who ejected safely ahead of the crash, was identified as Major Aaron Johnson of the 20th Fighter Wing from the Shaw Air Force Base.

Shaw Air Force base said he had been taken to Joint Base Charleston's medical centre for a health assessment.

"Our thoughts are with the friends and family of anyone aboard the civilian aircraft," a statement from Shaw Air Force Base said.

Merkel hopes new Greek proposals will be sufficient

German Chancellor Angela Merkel has told reporters that she hoped Greece would produce reform proposals this week that she would be able to bring to the German parliament to approve.

She said all 28 European Union leaders would meet next Sunday to discuss support for Greece, provided Prime Minister Alexis Tsipras put forward detailed reform proposals - along with a loan request - by Thursday that they considered satisfactory.

If the reforms were adequate, and Greece enacted first measures, Merkel said she was sure that short-term finance could be provided to help Athens over its immediate funding needs.

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Obama speaks to Greek PM about debt crisis

US President Barack Obama spoke with the Greek Prime Minister Alexis Tsipras this morning, the White House has said.

The President received an update from Prime Minister Tsipras on his ideas for a path forward between Greece and its creditors. The President reiterated that it is in everyone's interest that Greece and its creditors reach a mutually acceptable agreement.

– WHITE HOUSE STATEMENT
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