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Economy

xchrom

(108,903 posts)

17. Greece is seeking a cash lifeline today

Reply to Tansy_Gold (Original post)

Wed Feb 11, 2015, 08:10 AM

Feb 2015

http://www.businessinsider.com/afp-greece-set-for-critical-eu-talks-2015-2

Athens (AFP) - Greece is to seek a cash lifeline at an emergency meeting of eurozone finance ministers Wednesday, as Athens struggles to persuade its EU creditors to renegotiate its massive bailout deal.

The talks come after Prime Minister Alexis Tsipras said he would not bow to German demands that his hard-left government first complete a pending loan agreement with the EU and the IMF.

"I want to repeat today, no matter how much (German Finance Minister Wolfgang) Schaeuble asks it, we are not going to ask to extend the bailout," Tsipras told lawmakers late Tuesday ahead of a confidence vote that the government won by 162 votes to 137.

The EU had earlier warned Greece's new leftist government to scale back its plans to revise the country's unpopular bailout if it wants to secure a six-and-a-half month lifeline that will enable it to meet pressing debt repayments in the coming months.

Read more: http://www.businessinsider.com/afp-greece-set-for-critical-eu-talks-2015-2#ixzz3RRCXInnA

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