Greece submits loan extension request to eurozone

Greece submits loan extension request to eurozone

Greece has formally asked its European creditors for a six-month loan extension. The cash-strapped nation is opposed to further austerity measures. Germany, however, has already refused the proposal.
Symbolbild Griechenland Europa
Greece has formally submitted a request for a six-month loan extension on the part of its European creditors. The request was designed to give the indebted nation extra time to develop anti-austerity reforms.
"The request has been sent" to Brussels, a government source said.
Eurogroup President Jeroen Dijsselbloem confirmed the request had been received.

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