If the plan is rejected, creditors could force the company into liquidation.
"By rejecting creditors' offers to agree to layoffs, we knew exactly what fate awaited us, but that is how desperate we are".
On Tuesday night, the eurozone agreed to give Greece a couple more days to submit a new reform plan after Greek voters rejected creditors' demands in a referendum, with a full EU summit on Sunday the final deadline to reach a deal.
And though Greek Prime Minister Alexis Tsipras promised the referendum was merely about rejecting creditors' terms, financial analysts predicted Sunday night that Greece will be forced to leave the eurozone.
The opinion poll showed that Syriza remained the most popular party, but its approval rating has slipped since early July, before a referendum in which Tsipras convinced Greeks to reject its creditors' reform proposals.
Grinding poverty and an eroding social safety net induced voters to reject their creditors' demands for more belt-tightening with a 61% "no" vote in Sunday's referendum.
And the Sunday vote by Greeks to reject their creditors' formula for repayment of $270 billion in bailout loans sent that price skyrocketing in both political and economic terms.
Greece's government, on the other hand, is asking voters to reject the creditors' demands for new spending cuts in exchange for bailout funds.
Prime Minister Tsipras would have been in a strong position to carry out such a move, in spite of predictable domestic opposition, because 61% of the voters in the referendum had voted to reject the creditors' terms.
Tsipras insisted, though, that even if Greeks follow his advice and reject the creditors' demands for more cuts to public spending, primarily on pensions and government workers' salaries, that the government intends to continue seeking a new debt-resolution agreement so that Greece can remain part of the Eurozone.
