Reuters: Eurozone ponders up to 6-month Greek programme extension

According to Reuters, eurozone officials discussed last week the possibility of extending Greece΄s bailout programme by up to six months so as to allow more time for talks with any new government in Athens on closing the current bailout and on what should replace it. 

Moreover, according to some officials, the political uncertainty, stress on the financial system, and Greek long-term yield going beyond 10% make it much less obvious Greece qualifies for an ECCL, hence signalling the need for a normal programme. 

According to the same press reports, the issue is likely to be further discussed at the next meeting of eurozone finance ministers on 26 January, a day after the early Greek General Elections.