Greece will ask for a 6-month extension
Reuters and BBG both reporting, citing unnamed sources.
EUR/USD perking up on the headlines to 1.1413 from 1.1392.
From Reuters:
"Greece intends to ask for an extension of its loan agreement with the euro zone on Wednesday, a source in Brussels said, distinguishing this from the country's full bailout programme.
Speaking on condition of anonymity, the source said that Athens would request up to a six month extension but the conditions were still under negotiation."
Seems as though there is a lot of arguing over the semantics of 'extension', 'bridge', 'bailout', and 'loan agreement'
