Friday, February 20, 2015

Germany Rejected a Request by Greece for Loan Extension Programme

Breaking news from Berlin, Germany on Thursday rejected a request by Greece to its European partners for a six-month extension to its EU loan programme, saying it was "not a substantial proposal for a solution". More worsening now

"The letter from Athens is not a substantial proposal for a solution," said a spokesman for German Finance Minister Wolfgang Schaeuble in a short statement.

"In truth it aims at bridge financing, without meeting the requirements of the programme. The letter does not meet the criteria agreed upon in the Eurogroup on Monday."

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