UPDATE: Greece Said to Request Two-Year Bailout Program From ESM (GREK) (NBG)

(Updated - June 30, 2015 9:42 AM EDT)

Greece asked for two-year bailout program from ESM, according to Bloomberg, citing an email from PM's office.

UPDATE - The agreement would fully cover the country's financing needs and include debt restructuring.

Greece would continue negotiations as it moved to a "viable agreement" within the euro-zone.

Notably, talks continue as Greece nears several hefty debt obligations:

• €1.55 billion on June 30, 2015 - Owed to: International Monetary Fund from a loan under the IMF's first bailout program for Greece, in 2010.
• €2 billion on July 10, 2015 - Owed to: Short-term Treasury bill holders
• €453.1 million on July 13, 2015 - Owed to: International Monetary Fund
• €1 billion on July 17, 2015 - Owed to: Short-term T-bill holders

Earlier, the WSJ cited euro-zone official in saying that the country was "taking initiatives in order to end the impasse ... There is some movement."

Following the request from Tsipras, a spokesperson for German Chancellor Angela Merkel noted earlier commentary made by the official today, which said that Greece's current bailout expires at midnight tonight and there were no "relevant indications" otherwise.

National Bank of Greece shares are up over 7 percent Tuesday, while the euro is down 0.3 percent to $1.12.

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