19 Feb 2015
Greece submits its loan extension request – TradeTheNews
FXStreet (Barcelona) - The TradeTheNews Team highlights the key points from Greece’s bailout extension letter.
Key Quotes
“Greece govt official confirms it has requested a 6-month extension of the "Master Financial Assistance Facility Agreement"
“Greece and its creditors said to still be somewhat apart on bailout extension letter.”
“Greece Extension Request Details:
Greek pledges commitment to fiscal balance during interim period under requested loan agreement extension;
Reiterated commitment to reforms immediately on tax evasion and corruption.
Proposal includes measures to deal with humanitarian crisis and support the economy.
New deal will also include agreement on debt reduction; seeking debt reduction in line with 2012 Eurogroup agreement.”
“ECB denied press reports that he Governing Council discussed capital controls for Greece at yesterday's non-monetary policy meeting.”
Key Quotes
“Greece govt official confirms it has requested a 6-month extension of the "Master Financial Assistance Facility Agreement"
“Greece and its creditors said to still be somewhat apart on bailout extension letter.”
“Greece Extension Request Details:
Greek pledges commitment to fiscal balance during interim period under requested loan agreement extension;
Reiterated commitment to reforms immediately on tax evasion and corruption.
Proposal includes measures to deal with humanitarian crisis and support the economy.
New deal will also include agreement on debt reduction; seeking debt reduction in line with 2012 Eurogroup agreement.”
“ECB denied press reports that he Governing Council discussed capital controls for Greece at yesterday's non-monetary policy meeting.”