After four months of crisis talks, there is a glimmer of hope that a breakthrough between the EU and Greece might be on the cards.
Details of the latest Greek offer include:
- halting early retirement
- increasing pension contributions
- 6.5% VAT increase on hotels
- end on VAT discounts for islands
- a one-off corporation tax
ITV News economics editor Richard Edgar reports:
Greece has blinked first - but is it enough to save the country from bankruptcy?
Thousands of pro-euro demonstrators have gathered in Athens as negotiations appear to be moving Greece close to a bailout deal.
There has been optimism before, but new external pressures may now force a deal over the Greek debt crisis, writes Richard Edgar.