The European Stability Mechanism (ESM) has announced that it has received an official request from Greek authorities regarding a new loan. The request was confirmed by the ESM’s Wolfgang Proissl.

A source from the Greek government had previously confirmed that the Greek authorities intended to officially request further assistance from the ESM, early on Wednesday morning.

The Greek government’s request will be examined later in the day at the Euro Working Group, as confirmed by the Eurogroup president’s spokesperson Michel Reijns.