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Economy

xchrom

(108,903 posts)

7. Greece confirms loan extension request

Reply to Tansy_Gold (Original post)

Wed Feb 18, 2015, 09:04 AM

Feb 2015

http://www.bbc.com/news/business-31517363

Greece will ask the eurozone for a six-month extension of its European loan on Wednesday, a Greek government official has confirmed.

But the loan would not be a renewal of the current bailout agreement, which includes strict austerity measures.

On Monday night, Greece rejected a plan to extend its €240bn (£178bn) bailout, describing it as "absurd".

Greece is likely to run out of money if a deal is not reached before the end of February.

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