Greece Asks for 9-Month Extension of Loan Agreement to Secure Economic Funding-Sources
Thursday, 11 June 2015
The Greek government is requesting an extension of the current loan agreement by nine months to ensure the funding of the Greek economy, government sources in Brussels said on Wednesday.
According to the sources, the request includes funds from the European part of the current programme, the money from the European Financial Stability Fund (EFSF) and a debt exchange between ESM and the European Central Bank. The aim is to restart the Greek economy and end uncertainty.
If these requests are met, the Greek side is willing to discuss the primary surplus targets, but nothing has been finalized yet, the same sources said. Discussions are continuing in every direction and Prime Minister Alexis Tsipras’ meetings in Brussels aim at reaching a deal.