NEWS

Schaeuble denies reports of Greek debt extension

German Finance Minister Wolfgang Schaeuble on Tuesday rejected speculation that the European Commission will propose giving Greece six months to negotiate a new deal with its creditors, according to Bloomberg.

A report by MNSI news wire, citing sources, said the Commission would table a compromise proposal whereby Greece would ask for a six-month period during which it would discuss and agree with lenders all pending issues and a post-bailout plan.

In comments made after the G-20 meeting in Istanbul, Turkey, Schaeuble said that reports were “wrong.”

Schaeuble also said he did not expect ministers to agree on a new Greek program in Wednesday’s meeting.

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.