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Greece reportedly intends to seek extension of loan agreement

Renee Maltezou   

Greece reportedly intends to seek extension of loan agreement
Finance1 min read

Alexis Tsipras

REUTERS/Yannis Behraki

Greek Prime minister Alexis Tsipras.

BRUSSELS (Reuters) - Greece intends to ask for an extension of its loan agreement with the euro zone on Wednesday, a source in Brussels said, distinguishing this from the country's full bailout program.

Speaking on condition of anonymity, the source said that Athens would request up to a six month extension but the conditions were still under negotiation.

The new government of Prime Minister Alexis Tsipras has refused to seek an extension of Greece's bailout program which expires on Feb. 28, rejecting its requirements that austerity policies be imposed.

However, Tsipras has made a distinction between the full bailout program and the issue of Greece's debts. "A loan agreement is different from a bailout," Tsipras told lawmakers from his left-wing Syriza party in Athens earlier in the day.

(Editing by David Stamp)

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