http://www.businessinsider.com/finance-ministers-prepare-for-crucial-eurogroup-meeting-over-greece-bailout-2015-2
Today's crucial meeting of European finance ministers to discuss whether to renegotiate terms with the new Greek government over its bailout deal. And the two sides couldn't be further apart.
Over the past week German Finance Minister Wolfgang Schaeuble has done his uppermost to douse any talk of renegotiating the bailout deal saying, archly, that the country doesn't have to accept any more bailout money if it doesn't want to.
On Tuesday he told reporters in Berlin that if Greece refuses to accept the final €7 billion tranche of the current bailout programme then "it’s over". He also denied reports that the European Commission were looking at granting the Greek government a 6 month extension to the programme saying they "can't negotiate about something new" and casting doubt on a bridging loan deal.
This poses a huge problem for the new administration in Athens led by the leftist Syriza party. The government came to power just two weeks ago on the commitment to stop the austerity measures required under a memorandum signed with its European partners, the European Central Bank and the IMF in 2012 and renegotiate a new deal for Greece.
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http://www.businessinsider.com/finance-ministers-prepare-for-crucial-eurogroup-meeting-over-greece-bailout-2015-2#ixzz3RRBv2Uqv
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