Greece proposes two-year rescue deal with EU

Athens Greece on Tuesday requested a two-year rescue deal with the European Union to save the crisis-hit country, just hours before its international bailout expires. "The Greek government today proposed a two-year agreement with the European Stability Mechanism (ESM) to fully co

Editorial Team Legacy

Published 30 June 2015, 8:00 · Updated 21:42

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Greece proposes two-year rescue deal with EU

Athens

Greece on Tuesday requested a two-year rescue deal with the European Union to save the crisis-hit country, just hours before its international bailout expires.

"The Greek government today proposed a two-year agreement with the European Stability Mechanism (ESM) to fully cover its financing needs and the simultaneous restructuring of debt," the prime minister's office said in a statement Tuesday.

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