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| Version 1 | Version 2 |
|---|---|
| Greece asks eurozone for loan extension | 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. | 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. | 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. | 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. | Eurozone finance ministers will meet in Brussels on Friday to discuss the move. |
| The Greek request includes a pledge to maintain "fiscal balance" for a six-month period, while it negotiates with eurozone partners over long-term growth and debt reduction, Reuters has reported. | |
| The government was also reported as saying that its extension proposal was in order to give Athens enough time, without the threat of "blackmail and time deficits", to draw up a new agreement with Europe for growth over the next four years. | |
| Bond repayments | |
| Greece faces running out of money by the end of the month without a deal. | 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. | 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. | 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. | 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". |
| The eurozone element of Greece's EU-IMF bailout ends on 28 February. | |
| Greece also needs to find 11.9bn euros ($13.5bn) for bond repayments by August. | |
| The new government of Prime Minister Alexis Tsipras wants to reverse many of the financial obligations imposed as part of the post-2010 EU-IMF rescue packages. | |
| The administration has halted privatisations and promised to increase wages and roll back labour market reforms. | |
| What do you think about the proposal for a loan extension? Do you think Greece is right to reject the bailout offer? You can share your experiences by emailing haveyoursay@bbc.co.uk | |
| Please include a contact number if you wish to be contacted by a BBC journalist. | |
| Have your say |