Greece Formally Asks For Extension On Eu Loan Agreement

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.