Eurozone Set for Vital Loan Talks

Eurozone finance ministers are preparing for a key meeting to consider the proposal by Greece to extend its European loan programme.  Friday’s meeting in Brussels is the eurozone’s third attempt to reach a deal to manage Greece’s debt.

Germany on Thursday 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.

Greece had sought a new six-month assistance package, rather than a renewal of the existing deal which linked bailout money to tough austerity conditions.  Prime Minister Alexis Tsipras won elections in late January on a platform of rejecting those austerity measures.

BBC

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