Greece's Prime Minister Alexis Tsipras launched a bid to win fresh aid from creditors, requesting “€7 billion within 48 hours” in order avoid what he called an emergency situation. The money would be used to pay maturing debt obligations and avoid default but with Greek banks down to a couple of days’ cash and the European Central Bank unwilling to lend more, Tsipras was unable to convince Europe’s tired and scratchy leaders to authorise new financing.
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