From Kathimerini, where we are at and a bit of a timeline for the coming hours:

  • Greek government sent proposals to Brussels on Thursday night
  • Same proposals were also submitted to the Greek Parliament, which is due to vote on them on Friday
  • Reform package was finalized during a morning meeting between Prime Minister Alexis Tsipras, Deputy Prime Minister Yiannis Dragasakis, Finance Minister Euclid Tsakalotos and Economy Minister Giorgos Stathakis
  • Proposals have been presented to the cabinet
  • Majority of the cabinet accepted the proposals ... Energy Minister Panayiotis Lafazanis was among those who raised objections
  • Earlier in the day, Lafazanis told an energy conference in Athens that the government would not sign another memorandum of understanding
  • The proposals put together by the government are thought to contain around 12 billion euros' worth of measures, which is more than some 8 billion euros included in the plan rejected by Greek voters in Sunday's referendum
  • There is a joint meeting of SYRIZA's parliamentary group and political secretariat on Friday morning ahead of the Greek vote
  • The institutions will study the Greek proposals on Friday, present a report to the Euro Working Group, which is due to meet on Saturday morning in Brussels, before it makes its recommendation to the Eurogroup finance ministers
  • Eurozone finance ministers meet on Saturday at 4pm local
  • EU leaders' summit on Sunday

Sources in Brussels told Kathimerini that if the Eurogroup deems that the proposals are not satisfactory it will reject them immediately as there are a number of eurozone members who have lost their patience with Greece