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Greece launches bid for fresh aid

Tuesday, July 07, 2015 - 00:45

Greek Prime Minister Alexis Tsipras launches bid for fresh aid at an extraordinary meeting of euro zone heads of state and government. Rough Cut (no reporter narration).

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ROUGH CUT (NO REPORTER NARRATION) STORY: Greek Prime Minister Alexis Tsipras launched a desperate bid to win fresh aid from skeptical creditors at an emergency euro zone summit on Tuesday (July 7), before his country's banks run out of money. With Greek banks down to their last few days of cash and the European Central Bank tightening the noose on their funding, Tsipras tried to convince the bloc's other 18 leaders, many of whom are exasperated with five years of crisis, to authorize a new loan swiftly. At stake at the emergency summit is more than just the future of Greece, a nation of 11 million that makes up just 2 percent of the euro zone's economic output and population. If Greek banks run out of money and the country has to print its own currency, it could mean a state leaving the euro for the first time since it was launched in 1999, creating a precedent and fueling doubts about the long-term viability of an incomplete European monetary union.

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Greece launches bid for fresh aid

Tuesday, July 07, 2015 - 00:45