The Greek government is requesting a nine-month extension of the current loan agreement to ensure the funding of Greece’s economy, government sources in Brussels said on Wednesday.
According to the sources, the request includes funds from the European part of the current program, money from the European Financial Stability Facility (EFSF) and a debt exchange between the European Stability Mechanism (ESM) and the European Central Bank (ECB). The aim is to restart the Greek economy and end uncertainty.
If these requests are met, the Greek side is willing to discuss the primary surplus targets, although nothing has been finalized yet, the same sources said. Discussions are in progress and Prime Minister Alexis Tsipras’ meetings in Brussels aim at reaching a deal.
(source: ana-mpa)
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