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.”