Minister Alexis Tsipras and Euro Currency

: Greece has asked Europe bailout fund for a €53.5 billion three-year financial package, but many officials in Brussels say the figure will have to be much higher, according to The Japan Times. This would be Greece third bailout in five years. Facing a self-imposed Sunday deadline, the European nations using the shared euro currency were still seeking more proof from Greek Prime Minister Alexis Tsipras that he could be fully trusted to enact wide-ranging economic reforms to safeguard Greece future in the common currency. Rumors of Franco-German discord over what was still expected from Greece swirled around the talks between finance ministers Sunday in Brussels. There is no fear of a rift and we will find strong cohesion, said the official, who asked to remain anonymous because of the sensitivity of the negotiations. A French official, however, insisted there were no fundamental differences between President Francois Hollande and German Chancellor Angela Merkel, who were among the 19 eurozone leaders meeting later Sunday for a summit in Brussels. (news.financializer.com). As reported in the news.