Greece's extension proposals to the Eurogroup and what they mean

PoliticsGreek Politics Tags: European Union
Photo by Harry van Versendaal
Photo by Harry van Versendaal

In a substantial climbdown, the Greek government on Thursday submitted a request to the Eurogroup for a six-month extension of its programme, although it remained vague on what measures and fiscal targets it would accept.

The German Finance Ministry responded by rejecting the Greek request, pointing to the vagueness of Greece’s commitment to meeting existing bailout terms and suggesting that Athens appeared to be applying for something “in the direction of bridge financi...

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