Greece: negotiations fail, ultimatum to Athens – The Obs

Greece: negotiations fail, ultimatum to Athens – The Obs

Brussels (AFP) – Negotiations between the euro area and Athens were cut short Monday in Brussels and Greece’s creditors have given him a week to accept an extension of its current funding program

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It is “clear that the next step is to come from the Greek authorities (…) and, in view of the calendar, we can use this week, but that’s about all,” he said during a press conference the President of the Eurogroup Jeroen Dijsselbloem after abrupt discontinuation of trading on Monday, following the refusal of Greece to accept the extension of the program.

He referred to the possibility of a new special meeting of finance ministers of the euro area Friday.

Athens on Monday rejected a proposal for the euro deemed “absurd” area and “unacceptable”, saying that “in these circumstances , there could be no agreement “with 18 partners, said a government source.

A half hour later, the meeting of finance ministers was interrupted.

Mr. Dijsselboem said that an “extension” of the current program, which expires at the end of February, “would allow the Greeks to use the flexibility” allowed in this plan.

“The Greek government has s engage on the fact that it accepts the main elements of the program, “he insisted, while the new radical left government campaigned on the refusal of the program.

” It there is no alternative to the extension of the program, “added the European Commissioner for Economic Affairs, Pierre Moscovici. “We will continue the dialogue that week.”