Greece’s bailout could extend to the fall, says German daily

Greece’s partners and creditors were considering extending the country’s existing bailout program until the fall, Germany’s Suddeutsche Zeitung reported.

According to a senior Eurogroup official who spoke to the German daily, Greece could receive about 4 billion euros in funding in return for reforms in the country’s VAT system, with reforms in labor laws and pensions delayed to after the summer.

Whether or not Greece would receive the extension largely depended on the outcome of discussions between Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel on Thursday, on the sidelines of a European Union leaders’ meeting in Riga, Latvia, the newspaper said.

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