Greece seeks new rescue plan as deadline looms

30th June 2015


Greece is reportedly seeking a new two-year rescue plan from its eurozone creditors.

The news comes with the deadline for the country to repay €1.6bn (£1.1bn) to the International Monetary Fund (IMF) just hours away.

The BBC reports that Greece is calling for aid from the European Stability Mechanism (ESM) as Greek leaders continue talks over the European Commission’s proposals for austerity measures.

If Athens accepts the EC deal, it will free up cash to repay the €1.6bn.

The Dutch Finance Minister and Eurogroup president Jeroen Dijsselbloem tweeted that there would be an “Extraordinary Eurogroup teleconference tonight 19:00 Brussels time to discuss official request of Greek government received this afternoon”.

Earlier this week the Greek Prime Minister said he would resign if the country voted “yes” to austerity measures in a referendum on Sunday.

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