No decision on extending Greece bailout terms

European Central Bank President Mario Draghi on Wednesday said that progress is being made over how to assist crisis-stricken Greece. Answering a reporter's question after he appeared before the German Parliament, in the wake of a Greek minister saying an extension had been granted by the troika of the EU, ECB and IMF, Draghi said: ''Progress has been made but there are things which need to be defined. I can't comment on rumors". A spokesman for European Economic and Monetary Commissioner Olli Rehn echoed Draghi, saying: " Substantive progress has been made in the talks with the Greek government but there remain pending issues before an accord at a technical level can be concluded". Draghi and Rehn were responding to a report from Greece's Skai TV that Athens had obtained a two-year extension from the troika on the deadlines to hit the targets set in conditions for international aid it needs to avoid a default. The station said Greek Finance Minister Yannis Stournaras told parliament about the extension. Earlier Wednesday a German MP said the ECB chief had denied that the troika, the three international institutions helping crisis-struck Greece through its wrenching economic reform program, had taken any decision on whether to grant the Mediterranean country a two-year extension to pay back its loans. The earlier comments were made by Patrick Doering, leader of Germany's Liberal Party (FDP), on the sidelines of Draghi's appearance before the German parliament to discuss progress on the bailout program put together by the so-called troika, which consists of the ECB, the International Monetary Fund and the European Union.