Eurogroup agrees two-month extension for Greek bailout but political developments to dominate

EconomyProgramme Tags: Eurogroup

The Eurogroup decided on Monday that it would be "favourably disposed" to a request by Greece for a technical extension of 2 months to the current bailout programme.

Earlier press reports indicated that Germany and the IMF would press for a 6-month extension, while Greece would favor a technical extension for a few weeks.

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