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July 9, 2015

Greece Submits Three-Year Bailout Request 
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Greece has formally requested a new bailout from European creditors. The
plan would see Greece commit to tax and pension-related reforms in
exchange for a three-year aid package. More specific details are
expected today. Greek Prime Minister Alexis Tsipras addressed the
European Parliament Wednesday. He said Greeks are tired of being a
"laboratory for testing austerity" and want a "viable agreement."

Greek Prime Minister Alexis Tsipras: "We want a sustainable program,
because we want to be in a position to repay the loans that we've
accepted. And when we ask to reduce the debt, we are asking for that
because we want to be able to pay this back. We don't want to be forced
time and time again to accept new loans to pay off the old ones."

 

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