Greece set to be granted 2-month bailout extension

Greece will ask today for a two-month extension to its bailout programme and which the eurozone is in favour of granting, Eurogroup chief Jeroen Dijsselbloem said yesterday.

Dijsselbloem said after the bailout ends, eurozone countries support a credit line for Greece.

“There is not enough basis at this point to conclude the review now or before the end of the year,” he said after eurozone finance ministers discussed the issue in Brussels.