In a race against the clock to avert bankruptcy, Greece has put forward fresh reform proposals to its international creditors.<br /><br /> Athens is seeking a parliamentary vote on Friday (July 10) to push for immediate actions. Greece’s survival in the euro zone hinges on the planned measures.<br /><br /> Prime Minister Alexis Tsipras and his cabinet spent Thursday (July 9) putting the last-ditch cash-for-reforms package together. <br /><br /> Between now and the end of 2016, Greece proposes scrapping tax breaks for its islands and cutting defence spending by 300 million euros. The package would see VAT raised; <br />luxury tax increased immediately and early retirement curbed.<br /><br /> In return, Athens is asking for 53.5 billion euros’ of funding to cover its loan obligations until the end of 2018. <br /><br /> Chairman of the Eurogroup of finance ministers Jeroen Djisselbloem confirmed receiving the request but said he would await an assessment from Greece’s troika of lenders before commenting further.<br /><br /> Euro zone leaders are expect
