BREAKING NEWS

Rejected Eurogroup draft spoke of "extending" Greek bailout

By REUTERS

FEBRUARY 12, 2015 04:00

BRUSSELS - A draft statement by euro zone finance ministers on how to handle Greece's finances spoke of "extending" its current bailout deal as a "bridge" to a new package, according to a copy of the draft that was rejected by Athens.

The new Greek government, elected on a mandate to end deeply unpopular international bailout terms, has insisted there can be no "extension" once that deal expires at the end of the month. But EU partners fear financial chaos without such an accord.

A draft of the planned Eurogroup statement, seen by Reuters, read: "Today the Eurogroup took stock of the current situation in Greece and the state of the current adjustment program. In this context, the Eurogroup has engaged in an intensive dialogue with the new Greek authorities.

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