Saturday, January 31, 2015

Greece says it will not negotiate with EU-IMF creditors


New finance minister says Athens instead wants direct talks with eurozone leaders to try to cancel some of its debts.
Greece's new left-wing finance minister has said he will not negotiate the terms of the country's bailout with the "troika" team from the European Union and International Monetary Fund (IMF) overseeing it.
Yanis Varoufakis said on Friday that instead he wanted direct talks with eurozone leaders, to try to cancel some of the money Greece owes.
Varoufakis made the comments during a meeting in Athens with Jeroen Dijsselbloem, head of the eurozone finance ministers' group, marking the start of Greece's drive to persuade its creditors to ease the strict terms of the bailout.
The Greek minister said his country had no intention of cooperating with a mission from the EU, European Central Bank and IMF, which had been due to return to Athens.
Varoufakis gave no indication of what Greece would do if it cannot reach an agreement by a February 28 deadline, when the bailout ends. Read More

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