The government has sent a new proposal to the institutions accompanied by Prime Minister Alexis Tsipras' letter.

Greece became the first developed country to default to the IMF, an organization of 188 nations that tries to keep the world economy stable.

Arrivals to Greece are proceeding smoothly, with few cancellations, but new bookings have not been entered in hotel booking systems so far, the president of the Greek Tourism Confederation (SETE), Andreas Andreadis, told Greek SKAI TV on Monday night.

Long queues are the rule outside nearly 1,000 banks serving pensioners without bank cards who may withdraw up to 120 euros from their pensions.