Media reports citing a six-month extension of the Greek program generated a lightning quick denial by German Finance Minister Wolfgang Schaeuble, who spoke after the G-20 meeting in Istanbul today.
According to Bloomberg, Schaeuble said such reports are “false.”
A plan to extend Greece’s current bailout program by six months -sans the attached austerity- circulated on Tuesday, ahead of Wednesday’s Eurogroup meeting, with the MNI news agency quoting Brussels “sources.”
According to reports by financial agency Deutsche Boerse, the Commission will propose a reduced primary surplus target of between 1.5% to 2%, while the European Central Bank (ECB) will accept Greek bonds as collateral again, or so the press report claimed.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
