Thursday, March 4, 2021
Home World End of Greece? Eurogroup rejects Greek bailout extension request

End of Greece? Eurogroup rejects Greek bailout extension request

Greek_Flag

Brussels: Eurogroup president Jeroen Dijsselbloem on Saturday said 18 Eurogroup financial ministers rejected Greece’s request for an extension so that it could put the creditors’ proposals to a popular vote on July 5.

“The current financial assistance arrangement with Greece would expire on June 30,” said an official statement released by the Eurogroup after an emergency financial ministers’ meeting in Brussels.

“I am regretful to say that the programme will expire on Tuesday night,” Dijsselbloem confirmed at a press conference after the meeting. “That is the latest date we could reach an agreement.”

The creditors offered joint proposals to the Greek side on Thursday “given the prolonged deadlock in negotiations and the urgency of the situation”.

“Regrettably, despite efforts at all levels and full support of the Eurogroup, this proposal has been rejected by the Greek authorities who broke off the programme negotiations on the 26 June unilaterally,” the statement said.

Commenting on the Greek government’s response, Dijsselbloem said other members held the opinion that “today no further negotiations or talks were possible”.

Earlier in the day, the Greek government announced a suggestion to put creditors’ Thursday proposal to a popular vote on Sunday, July 5. The Greek parliament’s vote on the suggestion is under way in Athens.

The group decided to immediately reconvene a second meeting without Greek Financial Minister Yanis Varoufakis, to “discuss the consequence from the political conclusion that drew in the first meeting”.

Dijsselbloem also stressed that “the (negotiating) process was not finished”.

“The euro area authorities stand ready to do whatever was necessary to ensure financial stability of the euro area,” the statement said.

(IANS)

 

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,773FollowersFollow

Most Popular

SC Expresses Displeasure on The Streaming of Films on OTT With Pornographic Content

The Supreme Court on Thursday expressed displeasure on the streaming of films on web platforms without any prior screening of the content and also...

Forearm Fracture – Here’s What You Need To Know

It won't be wrong to say that traumatic injuries are unexpected. You never know when an accident would occur or even a slight fall...

Indian Scientists Develop Low-Cost Optical Spectrograph That Can Locate Distant Galaxies, Quasars

Keeping in mind Prime Minister's call to develop technology in all spheres, Indian scientists have indigenously designed and developed a low-cost optical spectrograph. This...

Google Says Won’t Track Users As They Browse Web

In a bid to create a privacy-first web experience for billions of its users, Google has explicitly said that once third-party cookies are phased...

Handling Loneliness In Elderly Community

Loneliness is a global phenomenon. As per a report, in the USA, more than one-third of adults above 45 years of age feel lonely,...

Report: 1 In 5 Youngsters Too Drunk To Use Protection During Sex

One-fifth of young adults forget to use contraception at the height of passion because they are too drunk to remember when having sex, says...

Study: Trusted Support To Help Teen Take Better Care Of Themselves

Learning about their health through a trusted source may help teens take better care of themselves, leading to less depressive symptoms, says a new...

Covaxin Shows The Efficacy Of Vaccine To Be At 81 Percent

Bharat Biotech on Wednesday announced the first interim analysis of Covaxin, which shows the efficacy of the Covid-19 vaccine to be at 81 percent....

Recent Comments