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Prime minister Tsipras submits a new plan; Eurozone finance ministers agree to a 'final offer' before forcing Greece into default.
Default is likely if agreement isn't reached soon, as Greek banks may run out of cash within three weeks.
Local governments are required to transfer cash balances to central bank, to support payment of IMF debt and salaries of government workers.
Country faces cash flow crisis as more than 2 billion euros in debt payments are due Friday.
Move revives wrangling over aid terms.