Greece Won’t Cooperate with ‘Troika’, Rejects Aid Extension!
- Greece won’t cooperate with ‘troika,’ rejects aid extension!
by http://rt.com/
The new left-wing Greek government has said that it will not cooperate with the ‘troika’ of international lenders, and does not plan to seek an extension for its aid package which is set to expire at the end of February.
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Without the aid, Greek banks could face being shut off from European Central Bank funding.
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READ MORE: Russia might bailout Greece – finance minister
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Rejecting cooperation with the troika from the EU and IMF, Greek Finance Minister Yanis Varoufakis said he would rather negotiate the debt in direct talks with eurozone leaders.
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“This position enabled us to win the trust of the Greek people,” Varoufakis said Friday during a joint press conference with Jeroen Dijsselbloem, head of the eurozone finance ministers’ group.
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“Our first action as a government will not be to reject the rationale of questioning this program through a request to extend it,” Varoufakis said. “We respect institutions but we don’t plan to cooperate with that committee.”
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The meeting between Varoufakis and Dijsselbloem is to lay the groundwork for visits by newly-elected Prime Minister Alexis Tsipras and the finance minister to London, Paris, and Rome next week. The new Greek leadership has voiced its intention to attempt to loosen the terms of the massive €240 billion (US$271 billion) bailout.
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