Greek PM Tsipras seeks new bailout deal as repayment deadline looms

Greek prime minister Alexis Tsipras has asked eurozone authorities for a new bailout as the country’s current bailout programme expires today.

Without a new agreement Greece could loose more than €15bn (£11bn).

The new request from Tsipras, which was sent to the eurozone’s €500bn rescue fund today, would cover Greece’s needs for the next two years, according to a statement from the prime minister’s office, the Financial Times reports

On this Sunday a referendum is taking place in Greece over whether the country should accept the creditors’ proposals. Today, Tsipras has called on voters to turn down creditors’ proposals in the debt crisis referendum.

The statement says: “From the first moment, we made clear that the decision to hold a referendum is not the end but the continuation of negotiations for better terms for the Greek people.

“The Greek government will until the end seek a viable agreement within the euro.”

Greece is due to repay a €1.6bn (£1.1bn) loan to the International Monetary Fund today and on 20 July Greece must also redeem €3.46bn of bonds held by the European Central Bank.