In a bid to avert imminent bankruptcy, the Greek government Tuesday proposed a new bailout deal that would keep it afloat for two years as well as address its crippling mountain of public debt.
It was unclear, however, whether Greece’s international lenders would dismiss the offer or use it as a basis to resume failed negotiations before two looming deadlines Tuesday night: the expiration of the Mediterranean nation’s current bailout and an expected default by Athens on a payment owed to the International Monetary Fund.