Greece has formally requested a new bailout from European creditors. The plan would see Greece commit to tax and pension-related reforms in exchange for a three-year aid package. More specific details are expected today. Greek Prime Minister Alexis Tsipras addressed the European Parliament Wednesday. He said Greeks are tired of being a “laboratory for testing austerity” and want a “viable agreement.”

Greek Prime Minister Alexis Tsipras: “We want a sustainable program, because we want to be in a position to repay the loans that we’ve accepted. And when we ask to reduce the debt, we are asking for that because we want to be able to pay this back. We don’t want to be forced time and time again to accept new loans to pay off the old ones.”