Athens Blinks?

Greece to Apply for Loan Extension

Tsipras Parl DPA
Alexis Tsipras, addressing parliament on Tuesday, said Greece will not be blackmailed. Source. DPA
  • Why it matters

    Why it matters

    A deal needs to be agreed and ratified by February 28 if a Grexit is to be avoided.

  • Facts


    • Greece is to apply for a six-month extension of its loan agreement.
    • The eurogroup of euro-zone finance ministers has said Athens must apply to extend its current bailout program.
    • The ECB meets on Wednesday to discuss emergency lending to Greek banks.
  • Audio


  • Pdf

Are the Greeks blinking first?

The government in Athens is preparing to apply for a six-month extension of its loan agreement with international creditors on Wednesday.

A Greek government spokesman on Wednesday morning confirmed the media reports circulating since Tuesday night.

It is still not clear, however, if Athens and its European partners can agree on the conditions.

Greece’s government distinguishes the loan agreement with its lenders – the European Union, the European Central Bank and the International Monetary Fund – from its full bailout program.

“All along, deliberations are going on to find common ground; we want to believe that we are on a good path,” spokesman Gabriel Sakellaridis told Greek TV station Antenna. “We are coming to the table to find a solution.”

Want to keep reading?

Subscribe now or log in to read our coverage of Europe’s leading economy.