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| Greece asks eurozone for loan extension | |
| (35 minutes later) | |
| Greece has asked the eurozone for a loan extension after weeks of wrangling over its international bailout. | |
| The country is seeking a six-month assistance package, rather than a renewal of the existing deal which comes with tough austerity conditions. | |
| Details of the request have not been made public, but any deal is likely to differ from the current bailout conditions set by the eurozone. | |
| Eurozone finance ministers will meet in Brussels on Friday to discuss the move. | |
| Greece faces running out of money by the end of the month without a deal. | |
| The loan request follows days of negotiations between eurozone finance ministers and Greek government's anti-austerity Syriza party. | |
| It will now be reviewed by the eurozone leaders, as well as representatives of the International Monetary Fund, the European Central Bank and the European Commission. | |
| The president of the Eurogroup, Jeroen Dijsselbloem, confirmed through his twitter account that the request had been received. | |
| On Monday night, Greece rejected a plan to extend its €240bn (£178bn) bailout, describing it as "absurd". | On Monday night, Greece rejected a plan to extend its €240bn (£178bn) bailout, describing it as "absurd". |