Greece requests ESM support from Eurozone

Greece is requesting a two-year bailout program from the European Stability Mechanism, according media reports Tuesday that cited the office of Greek Prime Minister Alexis Tsipras.

The ESM is Europe's permanent bailout fund.

Such a proposal would come after talks between debt-burdened Greece and its creditors broke down over the weekend. Reports earlier Tuesday indicated European Commission President Jean-Claude Juncker Monday night approached Tsipras about a marginally sweetened offer for Greece