Germany snubs Greece’s EU loan offer

Germany on Thursday rejected Greece’s request for a six-month extension to an EU scheme of emergency loans.

Berlin’s decision came shortly after the European Commission described the move as “positive”.

Athens made the request in a letter late on Wednesday to Jeroen Dijsselbloem, the head of the Eurogroup.

The Eurogroup is the informal body of finance ministers from countries that use the single currency.

Greece – Letter to the Eurogroup

Greece is expected to run out of cash by the end…
READ MORE : http://www.euronews.com/2015/02/19/germany-snubs-greece-s-eu-loan-offer

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