According to the man, Jeroen Dijsselbloem,  himself:

@J_Dijsselbloem
“Received Greek request for six months extension”

The actual text has been reported by @Reuters as well: http://www.reuters.com/article/2015/02/19/eurozone-greece-request-idUSL5N0VT2S720150219

Yanis Varoufakis, Minister of Finance:

In this context, the Greek authorities are now applying for the extension of the Master Financial Assistance Facility Agreement for a period of six months from its termination during which period we shall proceed jointly, and making best use of given flexibility in the current arrangement, toward its successful conclusion and review on the basis of the proposals of, on the one hand, the Greek government and, on the other, the institutions.

This extension refers to the MASTER FINANCIAL ASSISTANCE FACILITY AGREEMENT (MFAFA).  So following KOLOTOUMBA’s search for the definition of what exactly is Greece requesting as an “extension”, we reviewed the MFAFA (available here for all readers who want to dig more: MASTER FINANCIAL ASSISTANCE FACILITY AGREEMENT.12.12.12) and it is clear that it is tightly bound to the dreaded MNIMONIO (Memorandum of Understanding – MoU).

Outcome: Double KOLOTOUMBA:

1. The TROIKA is here to stay but with a different name,  “THE INSTITUTIONS“. The ECB, IMF and the EU are still the supervisory bodies.
2. The MNIMONIO is also here to stay for at least six months more. The INSTITUTIONS will still need to supervise and approve any regulations that may affect Greece’s fiscal surplus.

UPDATE: Eurozone finance ministers are due to meet on Friday 20 February in Brussels to discuss the Greek request. However the German Finance Ministry Spokesman Martin Jaeger released the following statement: “The Greek government is trying to agree bridge-financing without meeting the conditions of its existing rescue program. The request is not a substantive proposal for a solution”.

Greece and the entire Eurozone are in desperate need of a KOLOTOUMBA, this time  by the Germans themselves, to avoid a global monetary melt-down.