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Greece has submitted a revised reform plan to the European Union and International Monetary Fund.
It comes days after Greek Prime Minister Alexis Tsipras rejected a set of reforms put forward by EU Commission President Jean Claude Juncker.
The EU and IMF want further economic reforms before they release €7.2 billion of bailout funds.
It is believed Athens has conceded ground on VAT reforms, pensions and the country's primary surplus target.
The reform plan comes a day before Mr Tsipras meets the French president and German chancellor.
Last week, Greece "bundled up" a €300 million payment to the IMF, delaying the payment until the end of June when a total of €1.5 billion is due to be paid.
Among the plans being put forward by the government, it is believed Greece is willing to increase VAT, but still maintain three rates: a standard rate, a reduced rate for food and medicine and a further reduced rate for books and hotel accommodation.
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