According to an article published in the online edition of the Wall Street Journal, Greece’s creditors are in favor of extending the bailout program, following the failure to come to an agreement in Paris.
The article is based on comments made by two Eurozone officers, one of whom argued that the troika supports a six-month extension of the current bailout program, while the other revealed that the IMF and Germany support such a move.
The first officer stressed though that for Greece to receive the extension, it must first request it officially by the end of the following week, in order for the parliaments in other Eurozone countries to convene and approve of it before the Christmas holidays. In the unlikely event that Greece applies instead for the much-debated precautionary credit line, the same deadlines would apply.
The senior Eurozone officer also points out that another possibility, should the troika’s review not be complete in time, is for the current program to receive a one-month “technical extension”. Then, in February Greece, would receive the precautionary credit line.