Greek government

Stavros Theodorakis, the leader of centrist To Potami party, stated on Wednesday that he supports the efforts of the Greek government in its negotiations with the country's International creditors.

Greece will submit a request to the euro zone on Wednesday to extend a "loan agreement" for up to six months but EU paymaster Germany says no such deal is on offer and Athens must stick to the terms of its existing international bailout.
  

European stocks advanced amid investor speculation that Greece and its euro-area creditors may reach a compromise agreement on its bailout.

The Stoxx Europe 600 Index added 0.3 percent to 378.14 at 8:05 a.m. in London. Stocks were little changed on Tuesday as a rise in makers of food and drinks offset a drop in Greek equities.

By John O'Donnell and Paul Carrel

The European Central Bank faces resistance from Germany to allowing any extra emergency lending for Greek banks, people familiar with the matter said, increasing pressure on Athens to sign up to an extended aid-for-reform program.

The Radical Left Coalition (SYRIZA) gave a lukewarm reception to Prime Minister Alexis Tsipras' proposal of Prokopis Pavlopoulos - a 65-year-old constitutional lawyer - for the honorary post of President of the Republic. The choice came as a surprise as his name had not been mentioned in discussions speculating the identity of SYRIZA's candidate.

By Eleni Varvitsioti

BRUSSELS - According to sources close to the discussions between Greece and the eurozone, the Greek government will submit a request to its lender on Wednesday for its loan agreement to be extended.

Intensive talks between the Greek side and the institutions are continuing.

Brussels - According to sources close to the discussions between Greece and the eurozone, the Greek government will submit a request to its lender on Wednesday for its loan agreement to be extended.

Reuters and Dow Jones on Tuesday reported that Greece will ask for a bailout extension Wednesday. The news agency cited “sources”.

The report overturned the negative mood in US markets.

Forget ISIS or the war zone in eastern Ukraine, most of Europe's mass media led this week with coverage of the increasingly acrimonious talks between the leftist Greek government and its eurozone creditors.

European ministers raised the pressure on Greece to accept a last-minute debt deal on Tuesday as the radical leftist government in Athens remained defiant refusing ?blackmail? from Brussels.