Revised Greek bailout request to 'take into account' creditors' concerns

Greece will on Wednesday present a revised bailout request that will "take into account" the concerns of international creditors, a government official said.

The modified request -- acceptance of which is seen as crucial to keeping Greece in the eurozone -- will be submitted to the Eurogroup of finance ministers after a presentation on Tuesday fell flat.

"The Greek government will tomorrow (Wednesday) present a 'common ground' document for a sustainable agreement, taking into account the outcome of the referendum, the common positions of political leaders and the proposals of the (creditor) institutions," the official said late Tuesday.

The new document will be considered by the Eurogroup finance ministers in a telephone conference, the official added.

Greece's new finance minister, Euclid Tsakalotos, on Tuesday presented his country's position for a bailout to his eurozone colleagues following a weekend referendum in which Greeks overwhelmingly voted 'No' to accepting tougher austerity.

But Eurogroup head Jeroen Dijsselbloem said there was "no new proposal" from Tsakalotos and Greece was expected to send a letter to the EU bailout fund, the European Stability Mechanism, by Wednesday.

Greece's future in the euro is seen to be hanging on whether it can persuade the eurozone to give it another bailout.

The last round of bailout negotiations was bogged down in Greece's refusal to agree to creditors' demands for cuts to its pension system and a stiff national increase in sales tax.

Those talks came to an end when Prime Minister Alexis Tsipras called his snap referendum on the austerity terms.