Greece and its EU-IMF creditors could reach a hard won bailout deal in the coming days, Valdis Dombrovskis, the European Commission vice-president for the euro, said Tuesday after Athens submitted a new reform plan.

"I would say that reaching the agreement within coming days is possible, it's possible to reach a staff level agreement which then can be (approved) by the Eurogroup (of finance ministers)," former Latvian premier Dombrovskis told reporters when asked about the proposals.