Greece asks for three-year ESM bailout as Tsipras tries to unite Europe
Government submits request for longer support programme than previous proposals
The Greek government today (July 8) submitted a preliminary request for aid to the European Stability Mechanism (ESM), Europe's €500 billion emergency bailout fund.
In contrast to a previous request for two years' worth of funding, submitted on June 30 before last weekend's referendum, today's letter asks for a three-year programme. The loan would be used to "meet Greece's debt obligations and to ensure stability of the financial system".
The government has said it will submit detailed proposals
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