Greece Asks for Third Bailout Amid Last-Minute Diplomatic Push

Greece on Tuesday requested a new bailout amid a last-minute diplomatic push before the country’s current rescue deal expires and it defaults on a payment to the International Monetary Fund.

The Greek government submitted a proposal for a two-year agreement with the eurozone bailout fund to cover its financing needs and restructure its debt, according to a statement issued by Prime Minister Alexis Tsipras’s office.

Eurozone finance ministers will discuss the Greek request in a conference call Tuesday night, said Jeroen Dijsselbloem, the Dutch finance minister who presides over talks.