Greece Must Apply For Bailout Extension By Feb. 16: Report

Greece faces a Feb. 16 deadline to apply for an extension of its bailout program, the chairman of the Eurogroup of eurozone finance ministers said Friday, according to Reuters. Greece must apply by that date, which marks a meeting of the Eurogroup, because some eurozone countries will need to have any agreement ratified by their parliaments, said Dutch fnance minister Jeroen Djisselbloem, who chairs Eurogroup meetings. "When we set the date for the 16th February for the Eurogroup we did look at that. Time will become very short if they [Greece] won't ask for an extension by then," he said, according to the report. Greece's current bailout program expires on Feb. 28.

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