Greece offered five-month bailout extension: document

Greece's EU-IMF creditors have offered a five-month, 12-billion-euro extension of the country's current bailout programme in return for the implementation of a raft of reforms, a proposal seen by AFP said on Friday.

PHOTO: REUTERS

JUN 26, 20157:59 PM

[BRUSSELS] Greece's EU-IMF creditors have offered a five-month, 12-billion-euro extension of the country's current bailout programme in return for the implementation of a raft of reforms, a proposal seen by AFP said on Friday.

The extension to Greece's massive 240 billion-euro bailout to the end of November would be the third since December and allow more time for heavily indebted Athens to negotiate future financing from its European partners.

AFP