Greek Prime Minister Alexis Tsipras. (Photo: panteres.com)

(VOVworld) – Greek Prime Minister Alexis Tsipras on Sunday set out new proposals in a bid to clear deadlocks in talks with its European creditors on its bailout package repayment. But Greece has not revealed the details of its proposals. If there is no deal, Greece seems likely to default on an International Monetary Fund debt payment of around 1.5 billion euros due on June 30, and with that risk a chaotic exit from the eurozone. Greece must also come up with another 6.7 billion euros due to the European Central Bank in July and August.