Here’s what you need to know. Greece asked for more time, but Germany said no. Greece requested a 6-month loan extension from the Eurogroup so that it could have more time to secure a longer-term bailout financing deal as the current deal’s February 28 deadline approaches. But according to multiple reports, Germany has refused. And so the Greek bailout negotiations drag on. Meanwhile, traders are dumping Greek securities. After being up by around 5%, Greek stocks are now modestly in the red. The euro is sliding too. Fighting rages on in Eastern Ukraine. The recently agreed upon cease-fire is now …read more
Source: Business Insider