Greece Loan-extension Request Delayed Until Thursday: Reports

The Greek government is not going to ask for a loan extension on Wednesday, but will instead wait until Thursday to submit the request, according to media reports. Greece's government spokesperson Gabriel Sakellaridis said midday Wednesday that the official request for a loan agreement will be sent to the Eurogroup on Thursday morning, just hours after confirming the submission would happen on Wednesday. Greece is said to be seeking an extension to its loan only, and not to the full bailout program. The bailout comes on condition of strict austerity measures, which the new government is trying to renegotiate. The current rescue program expires on Feb. 28, and Greece risks running out of money, unless some sort of deal with its European partners can be reached before then.

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