article: The reforms are thought to include tax rises and pension changes. Greece is due to present the proposals by 22:00 GMT on Thursday to try to secure a third bailout and prevent a possible exit from the eurozone. The new proposals will be studied by eurozone finance ministers on Saturday and a full EU summit on Sunday. Defence Minister and junior coalition party leader Panos Kammenos gave no further details of the agreed plans as he left the prime minister's official residence, where ministers had been meeting. Prime Minister Alexis Tsipras has spent the day discussing the proposals with his cabinet. Greek media are reporting that the reforms will be put to the Greek parliament on Friday for approval. On Wednesday Greece formally submitted a request for an unspecified loan from the European Stability Mechanism bailout fund. This would be a fresh loan "to meet Greece's debt obligations and to ensure stability of the financial system", Greece says - in other words, to avoid bankruptcy. The President of the European Council, Donald Tusk, who will chair Sunday's EU summit, said he hoped to receive "concrete and realistic proposals of reforms from Athens". Such proposals "will have to be matched by an equally realistic proposal on debt sustainability from the creditors. Only then will we have a win-win situation," Mr Tusk added. However the German Chancellor Angela Merkel said that "a classic haircut" (meaning reducing the value of Greece's debts) was "out of the question" for her. All Greek to you? Debt jargon explained Speaking in Sarajevo, Mrs Merkel said the eurozone had dealt with the issue of debt sustainability in 2012. She described Sunday's EU summit as a decisive and important meeting. "We must not forget that the Greek people are suffering at the moment," she said. German Finance Minister Wolfgang Schaeuble also ruled out debt relief for Greece, saying "there cannot be a haircut because it would infringe the system of the European Union". Greece needs to implement reforms to win the trust of its eurozone partners, Mr Schaeuble said. He told a conference in Frankfurt that his message to the new Greek Finance Minister Euclid Tsakalotos was: "Just do it!". Follow the latest updates here The Greek government has meanwhile extended bank closures and the €60 (£43; $66) daily limit on cash machine withdrawals until Monday. The curbs were imposed on 28 June, after a deadlock in bailout talks with creditors led to a rush of withdrawals. Louka Katseli, the head of the Greek bank association, said on Thursday that there was enough liquidity in cash machines to serve the public until Monday. Tsipras, Greece's high-stakes gambler Why Greece sees France as last hope How easy is it to swap currencies? Full coverage of Greek debt crisis On Thursday, EU Economics Commissioner Pierre Moscovici said he was hopeful of a new deal: "I have the sense that the dialogue is established, or restored, and that there is a way out." The IMF, lowering its economic growth forecast for the world for 2015, said events in Greece would have a "limited"
summary: Greece's government has agreed a reform programme and will submit its proposals to its international lenders soon, the defence minister has said.