Greece submits new bailout request, Europe's financial rescue fund confirms
by Associated Press
ATHENSJul 08, 2015 - 12:00 am GMT+3
by Associated Press
Jul 08, 2015 12:00 am
Greece has submitted its request for a rescue deal from Europe's bailout fund.
Michel Reijns, the spokesman for the eurozone's top official Jeroen Dijsselbloem, says Greece submitted the request for a new support program from the European Stability Mechanism Wednesday morning.
The government's request is the first step in a process toward a new bailout for the debt-laden country.
Athens has to follow the request up with a detailed plan by the end of Thursday of how the government plans to reform its economy if it is to receive fresh bailout cash to stave off bankruptcy and a possible exit from the euro.
Greece has been effectively told it has to have a deal in place Sunday when the leaders of the 28 EU nations meet in Brussels.
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