Greece needs to work on a five-year plan with its creditors and European Commission President Jean-Claude Juncker in principle agrees on this, Austria's Chancellor Werner Faymann told reporters on Tuesday. The European Commission received new proposals from Greece on Tuesday as it negotiates a new debt deal with its international creditors that could unlock new funding from the cash-strapped country. Faymann said efforts should aim to create a mid-term outlook for Greece's finances, rather than focus on short-term solutions that merely help the country move from one crisis to another at ever-shrinking intervals.
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