Voices from Russia

Friday, 30 January 2015

Greece won’t Cooperate with “Troika”, Rejects Aid Extension

00 Vladimir Kremlyov. Greek Debt. 2012

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The new leftist Greek government said that it won’t cooperate with the “troika” of international lenders, and that it doesn’t plan to seek an extension for its aid package, which is set to expire at the end of February. Without the aid, Greek banks could face a shutoff of European Central Bank funding. On Friday, Greek Finance Minister Yanis Varoufakis held a joint press conference with Jeroen Dijsselbloem, head of the Eurozone finance ministers’ group. Varoufakis said, “This position enabled us to win the trust of the Greek people. Our first action as a government won’t be to reject the rationale of questioning this programme through a request to extend it. We respect institutions, but we don’t plan to cooperate with that committee”. The meeting between Varoufakis and Dijsselbloem is to lay the groundwork for visits by newly-elected Prime Minister Alexis Tsipras and Varoufakis to London, Paris, and Rome next week. The new Greek leadership stated its intention to attempt to loosen the terms of the massive 240 billion Euro (19 trillion Roubles. 1.7 trillion Renminbi. 16.8 trillion INR. 270 billion USD. 343 billion CAD. 348 billion AUD. 180 billion UK Pounds) bailout. The new government fuelled panic among creditors and investors by promising to freeze privatisations and rehire state workers, in addition to rolling back other austerity measures mandated by the bailout.

30 January 2015

RT

http://rt.com/news/228031-greece-troika-varoufakis-bailout/

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