EU Commission receives new Greek reform proposal

The European Commission has received a new proposal from Greece for reforms that could unlock new funding from the cash-strapped country and is now assessing it, an EU official said on Tuesday.

European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, June 4, 2015.

The proposal was originally due last Thursday. It is to bridge the remaining differences between Athens and its international creditors on issues like pension or Value Added Tax reform.