Greece set to request new ESM bailout

Jeroen Dijsselbloem. Photo: European Union

Greece is preparing to submit new proposals to the European Stability Mechanism (ESM) in a bid to secure a last-minute injection of bailout funds.

In a statement at the end of today's (July 7) extraordinary Eurogroup meeting, president Jeroen Dijsselbloem said although the Greek authorities had presented no new proposals, they were expected to submit a request to the ESM, potentially in the next few hours, ready for a Eurogroup conference call tomorrow morning.

"The first step will be that I wil

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