Update February 20, 2015

Dhaka 8-07 pm, 26-September, 2020

Germany rejects Greece’s debt extension request

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debt rally

A rally held last week in London to show solidarity with Greece.

20 February 2015, Nirapad News : Germany has rejected a Greek request for a six-month extension to its eurozone loan programme. The rejection came despite the European Commission calling the Greek request ‘positive’ only minutes earlier.

Eurozone Finance Ministers are expected to meet on Friday to reach a compromise. Greece sent its European creditors a last-moment proposal on Thursday that is meant to unfreeze talks on its bailout programme and end uncertainty over its future in the euro. But hopes of a deal at an emergency meeting of eurozone finance ministers on Friday were dampened by Germany, the main creditor.

Greece had sought a new six-month assistance package, rather than a renewal of the existing deal that comes with tough austerity conditions. However, a German finance ministry spokesman said the new plea was ‘not a substantial proposal for a solution’.

Later on Thursday, Greek prime minister Alexis Tsipras and German chancellor Angela Merkel spoke by telephone, according to the media.

One Greek government official described the 50-minute call as ‘constructive’, adding, ‘The conversation was held in a positive climate, geared towards finding a mutually beneficial solution for Greece and the eurozone’.

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