Greece offering pension and tax reforms for debt relief, aid: Official

Greece has submitted to its eurozone creditors a bailout plan proposing a pensions overhaul and tax hikes in return for debt relief and a three-year funding programme, a government source said.

"The Greek proposal... includes funding of the country`s financing needs... for three years, debt adjustment and a front-loaded investment package of 35 billion euros ($38 billion)," the source said.