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Greece Said Poised to Request Six-Month Bailout Extension
Source: Bloomberg
Greece Said Poised to Request Six-Month Bailout Extension
by Jonathan Stearns
12:57 PM EST
February 17, 2015
(Bloomberg) -- Greece’s government may request an extension of its loan agreement for six months, according to a person familiar with the matter, a step that could ease a standoff with creditors over the country’s future financing.
Prime Minister Alexis Tsipras’s government intends to make the request Wednesday, the person told reporters in Brussels, asking not to be named as the deliberations are private. Talks are continuing between Greece and its creditors on the conditions that would be attached to the extension of the loan accord, the person said.
While Greece’s creditors in the euro area indicate that there may be some room for flexibility within the margins of the current rescue program for Tsipras’s government to pursue its policies, they insist that Greece first agree to extend the agreement. A request for an extension, albeit with the terms still unclear, might help break the deadlock that prompted talks to collapse early Monday.
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by Jonathan Stearns
12:57 PM EST
February 17, 2015
(Bloomberg) -- Greece’s government may request an extension of its loan agreement for six months, according to a person familiar with the matter, a step that could ease a standoff with creditors over the country’s future financing.
Prime Minister Alexis Tsipras’s government intends to make the request Wednesday, the person told reporters in Brussels, asking not to be named as the deliberations are private. Talks are continuing between Greece and its creditors on the conditions that would be attached to the extension of the loan accord, the person said.
While Greece’s creditors in the euro area indicate that there may be some room for flexibility within the margins of the current rescue program for Tsipras’s government to pursue its policies, they insist that Greece first agree to extend the agreement. A request for an extension, albeit with the terms still unclear, might help break the deadlock that prompted talks to collapse early Monday.
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Read more: http://www.bloomberg.com/news/articles/2015-02-17/greece-said-poised-to-request-six-month-bailout-extension
