Eurozone Finance Ministers Reject Greece Bailout Extension Request

Eurozone finance ministers rejected Greece's last-minute request to extend its bailout program, but will consider a request for a new rescue program, Finland's finance minister, Alexander Stubb, said via Twitter. "Extension of program or haircut not possible...request for ESM-program is always dealt with through normal procedures," Stubb said in a pair of tweets following a conference call with eurozone finance ministers. Greece has called for a new, two-year bailout program via the European Stability Mechanism, or ESM, which is Europe's permanent bailout facility. News reports said finance ministers will meet again Wednesday to further discuss the ESM request. Greece's current bailout program expires at midnight.