Greece in last-minute rescue appeal as default looms

The zero-hour appeal came amid a flurry of actions aimed at preventing a chaotic eurozone exit which could have untold repercussions on international markets and the European Union. The Greek premier's office said Athens has requested an agreement with the European Stability Mechanism "to fully cover its financing needs and the simultaneous restructuring of debt". Athens's proposal followed European Commission chief Jean-Claude Juncker's attempt to clinch a "last-minute" solution before the referendum.

Greece in last-minute rescue appeal as default looms source: http://finance.yahoo.com/news/greece-proposes-two-rescue-deal-eu-135337521.html