NEWS

Germany rejects Greek proposal as ‘no substantial solution’

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”.

“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.”

[AFP]

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.