Greece has presented new proposals to its creditors in a bid to prevent a debt default, Francois Hollande has said. The French President revealed the offer during a news conference alongside Italian premier Matteo Renzi in Milan, which comes before an emergency eurozone summit on Monday in Brussels. "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," Mr Hollande said.
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