NEWS

Greece set to ask for extension to loan agreement, sources say

BRUSSELS – According to sources close to the discussions between Greece and the eurozone, the Greek government will submit a request to its lender on Wednesday for its loan agreement to be extended.

Intensive talks between the Greek side and the institutions are continuing.

Earlier, sources at Prime Minister Alexis Tsipras’s office explained which parts of the draft statement put forward by Eurogroup chief Jeroen Dijsselbloem were not acceptable to the Greek side.

These included:

– “The Greek authorities have indicated that they intend to successfully conclude the programme, taking into account the new government’s plans.”

– “The Greek authorities gave their firm commitment to refrain from unilateral action and will work in close agreement with its European and international partners, especially in the field of tax policy, privatisation, labour market reforms, financial sector, and pensions.”

– “On this basis the Greek authorities expressed their intention to request a six months technical extension of the current programme as an intermediate step.”