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The Latest: EU economics commissioner says Greece dialogue renewed

Associated Press
Published | Updated
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    Greece's Prime Minister Alexis Tsipras leaves from Maximos Mansion to meet the Greek President Prokopis Pavlopoulos in Athens, Wednesday, July 8, 2015. Tsipras has stretched his EU partners' patience to the limit with months of missteps and contradictory moves and now, having just four days to save his country from ruin, is finding his list of allies is short. (AP Photo/Petros Karadjias) (The Associated Press)

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    People sit in on top of a hill overlooking the city, during sunset in Athens, Wednesday, July 8, 2015. (AP Photo/Emilio Morenatti) (The Associated Press)

ATHENS, Greece – The latest from the Greek bailout discussions (all times local):

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10:45 a.m.

EU Economics Commissioner Pierre Moscovici is hopeful that a new Greek bailout deal is possible, in exchange for "concrete, complete" reform proposals from Greece's government.

Moscovici said Thursday on France-Inter radio that Thursday is "a decisive day" for Europe, as Greece's creditors await a detailed economic reform plan from Greek Prime Minister Alexis Tsipras' government before a midnight deadline.

Moscovici said, "I have the sense that the dialogue is established, or restored, and that there is a way out." Failure to reach a deal could be the first step toward Greece leaving the shared euro currency.

Greece requested a new three-year rescue from its European partners Wednesday. International creditors disagree over whether to award the country debt relief. Moscovici said that is not currently under discussion.