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Debt Crisis: Greece seeks six-month loan extension from European Union

Feb 19, 2015    

Athens: Greece has formally asked the EU for a six-month loan extension, officials in Athens and Brussels said, hoping to avoid default and draft a new deal with its creditors.Eurogroup chief Jeroen Dijsselbloem said on his Twitter account that he had received the request, without giving further details."Received Greek request for six months extension," said Dijsselbloem, who is also the Dutch finance minister.Athens is trying to sidestep the restrictions of its bailout, but a number of eurozone hardliners including Germany are likely to resist the move."Our proposition will be ...

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