July 8, 2015

"With a deadline just hours away to come up with a detailed economic reform plan, Greece requested a new three-year rescue from its European partners Wednesday as signs grew its economy was sliding toward free-fall without an urgently needed bailout.

As its banking system teetered near the edge, the government extended bank closures into next week, while international creditors were in open disagreement over whether to award the country debt relief - with Germany at odds with the International Monetary Fund."

Read more:

http://abcnews.go.com/International/wireStory/greece-seeks-year-aid-program-rushes-detail-reforms-32307343