Greece has formally lodged its bid for a loan extension despite fierce opposition to any deviation from its current bailout deal, which is due to expire at the end of the month.
The country's new anti-austerity government is seeking a compromise to break the deadlock with its European creditors, especially Germany, as it runs the risk of running out of cash and defaulting on its debts.
It hopes a six-month bridging loan can be agreed while negotiations continue on a more permanent deal to consign the terms of its bailout to history.
The details of the request have not been made public but the Reuters news agency said it had seen a document which represented a significant compromise on previous Greek demands.
The letter pledged to honour all Greek debts and not take unilateral action that would undermine agreed fiscal targets.
The government of Alexis Tsipras - elected on an anti-bailout platform - blames the conditions of the rescue for hampering the country's recovery and leading to a deterioration of living standards.
Unemployment remains at more than 25%.
On Monday, the government rejected a plan to extend its current €240bn (£178bn) bailout deal, describing it as absurd.
Eurozone finance ministers had given Greece until Friday to request an extension of its current austerity and reform programme.
Germany has been particularly vocal in insisting the country sticks to the terms of its commitments.
Sky's Europe Correspondent Robert Nisbet, in Athens, said the application for the loan contained measures designed to reassure Greek creditors that it was still committed to financial reform but no further austerity.
The request was made in a letter to Jeroen Dijsselbloem, head of the eurogroup of finance ministers.
The document was submitted just hours after the European Central Bank (ECB) decided to increase its emergency funding to Greek banks amid a capital flight from the country.
Depositors are fearful the lack of a deal will force Greece from the single currency and back to the drachma, representing a significant devaluation.
A source told the AFP news agency the ceiling for emergency liquidity assistance - or ELA - to the banks was raised by the ECB from €65bn to €68.3bn (£50.3bn).
According to the source, the Greek central bank had requested an extension of roughly €10bn.
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