The Greek government just laid down its plans for another bailout to its European creditors. According to the Wall Street Journal, Greece is asking for a 3-year bailout from the European Stability Mechanism (ESM), more often known as Europe's bailout fund. A document seen by the WSJ reportedly contains promises to "implement tax reforms and pension changes as early as next week." We're yet to hear further details of Prime Minister Alexis Tsipras' proposal, which comes after his resounding win in Sunday's referendum, with more than 60% of Greek voters rejecting the existing bailout deal on the table. Athens is brushing up against what could be an extremely painful deadline: The country owes €3.5 billion ($3.85 billion, £2.50 billion) to the European Central Bank of July 20. The ECB is in charge of providing emergency support for the Greek financial system, and its banks are running extremely short of physical cash. Earlier on Wednesday Tsipras was speaking in the European Parliament, and said that the government was willing to make reforms, but that "never-ending austerity" could not be the answer to the country's problems. According to Reuters, one eurozone official hinted that there might be an even bigger gap between Greece and its creditors now than there was two weeks ago. The source said "the numbers have to add up, and the numbers have become vastly more unfavourable since the banks were shut and the economy seized up in the last 10 days." Here's the letter, according to Euronews' Jose Miguel Sardo: #Greece: FinMin #Tsakalotos letter to #ESM asking for 3-years loan in exchange of a "comprehensive set of reforms".pic.twitter.com/HQJC5q1yQ8 — José Miguel Sardo (@jmsardo) July 8, 2015 Join the conversation about this story » NOW WATCH: Someone figured out the purpose of the extra shoelace hole on your running shoes — and it will blow your mind
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