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Greece has a plan

Jul 10, 2015, 01:52 IST

Greece has a plan.

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According to a tweet from the spokesman for Eurogroup president Jeroen Dijsselbloem, a new Greek bailout proposal has been received.

The tweet, sent by Michel Reijns, said, "New Greek proposals received by #Eurogroup president @J_Dijsselbloem, important for institutions to consider these in their assessment."

Greece had a deadline of midnight tonight to submit a plan.

Earlier reports by Bloomberg, citing Skai TV, said that Greek parliament would vote on these proposals on Friday.

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A Eurogroup meeting is scheduled for Saturday, and on Sunday all 28 European Union members will convene a summit.

The Eurogroup is comprised only of the 19 finance ministers from euro-using members of the EU.

At this point it's unclear exactly what Greece's new plan entails, and this post will be updated as we find out new details.

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