good day to you. we begin this day in athens greece. cnn is learning new details of the government s plan to save the country from bankruptcy. and it apparently means a return to unpopular austerity measures. athens is hoping to get a third bailout loan. in exchange it is proposing tax hikes on hotels tv advertising, changing its pension system and push for privatization of greek rail ways and ports. there were huge crowds demonstrating outside parliament in athens on thursday. banks there have been closed for nearly two weeks and people are limited to 60 euro daily from atms. let s good now to cnn s isa suarez. good day to you, isa. good to have you with us. as we learn more about this
gotten over the last five years or so. that s going to be one of the key events. in the meantime the greek people are waiting to see exactly what happens because all the banks are shut down due to the crisis situation. and as a result greek credit cards don t work outside of their own country. they can t bring more than 1,000 euros cash outside the country. this is on top of already only being able to withdraw 60 euros per day if they even have that money in the bank. a lot of businesses are beginning to suffer dramatically because if they can t import product that they put on their shelves like dog food for example, none of it is produced in greece. all the pet stores here have to import it from somewhere else they say they ve got a month s supply. if the banks keep shutting they can t pay for imports, they re going to to start running out of things across the entire economy, food, all kinds of stuff. there s a lot of concern here. if they don t get a deal by sunday it could be that g
stocks. in 2015 bubbles have those very similar qualities. people got in last get nailed. thanks for that ivan. new this morning, fears from- the fed reserve that the finance financial crisis in greece could spill over. the fears that europe would not buy the latest bailout. people are buying whatever durable goods they can if the bottom falls out of the economy, which it could, within days. cnn s isa soares joins us now from athens with the latest. good morning, isa. reporter: good morning, john and christine. 60 euro a day. people queue from early in the morning to late at night. they are tired and they want this crisis to end. tsipras has the pressure to put proposals through that europe will find and see them as
civil war. for many african-americans it s a painful reminder of slavery. govern haley tweeted it s a new day in south carolina. it is official greece has formally applied for its third international bailout. the country faces a weekend deadline to submit a plan and reach a deal before running out of cash. they are asking for cash promising new reforms in exchange for rescue aid. the european union plans to decide on the request on sunday. banks in greece will stay closed until monday and the daily withdrawal limits of 60 euros remains in place. the atms will have enough catch until monday. it is just after 10:00 a.m. in athens and that s where we find cnn s isa soares this morning. hi there, isa. we spoke last hour about whether
many thanks to you. also watching and waiting to hear from greek leaders on their plans for a new bailout loan. it s not clear how much money they are asking for but they are promising tax and pension reform in return. the banks will still be closed until at least monday and people are limited to withdrawing just 60 euros a day. the crisis has taken a painful toll on greeks. as cnn s phil black cease the signs of suffering in a once thriving town which is experiencing one of the highest unemployment rates in europe. reporter: in greece even economically depressed industrial towns are very beatiful. this is a town about an hour s drive north of athens. but the stunning scenery means little here. these are mostly pensioners