Greece's prime minister Alexis Tsipras speaks during a parliament session ahead of the confidence vote of the new government on February 10, 2015 in Athens. AFP PHOTO/ LOUISA GOULIAMAKI
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Greece is to seek a cash lifeline at an emergency meeting of eurozone finance ministers Wednesday, as Athens struggles to persuade its EU creditors to renegotiate its massive bailout deal.The EU had earlier warned Greece's new leftist government to scale back its plans to revise the country's unpopular bailout if it wants to secure a six-and-a-half month lifeline that will enable it to meet pressing debt repayments in the coming months.Greece was racing to fine-tune a 10-point plan aimed at persuading its international creditors to reluctantly rethink the terms of the 240 billion euro ($270 billion) bailout that Greece accepted during Europe's debt crisis.German Chancellor Angela Merkel has said she expects a "sustainable" finance plan that respects the "basic rules" of the bailout program, while British PM David Cameron moved Monday to draw up contingency plans for a Greek exit from the eurozone.Greece is under pressure to win approval for a new deal as quickly as possible because the European portion of the EU-IMF bailout is due to expire at the end of the month.
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