GREECE FORMALLY ASKS FOR EXTENSION ON EU LOAN AGREEMENT
It looks like the crisis over Greece’s finances may be coming to an end – temporarily.
Athens has formally requested a six-month bridging loan from its European creditors, who’ll meet tomorrow to decide whether to approve it.
Greece’s new government hopes that’ll give it enough time to re-negotiate the terms of its bailout.
Last night, the European Central Bank extended its emergency funding for Greek banks with fears they could have run out of money within weeks.