Greece Seeks To Extend Eurozone Loans, As Deadline Looms

February 19, 2015 12:06 PM

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Greece's hopes for reaching a new compromise with Eurozone members on the terms of its loans are seen as hinging on promises to reform its economy — and submit to outside inspections.

With the bailout package that has kept Greece's economy afloat set to expire in just over a week, the country has formally asked Eurozone members for a six-month extension. Finance ministers will hold an emergency meeting Friday to consider the proposal.

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