Greek Finance Minister wants new deal with lenders by end of May

Greece’s new finance minister who is on a tour of European capitals says he wants to reach a new agreement with international creditors by the end of May. Yanis Varoufakis has so far won French support for Athens’ efforts to renegotiate its bailout terms.

Varoufakis also noted that Athens will not ask for any more loans until a new deal is reached. He was speaking after a meeting with his French counterpart Michel Sapin in Paris. The French minister offered support for a new payback timeframe or terms. But he insisted that Paris won’t support canceling the debt. The Greek finance minister is to travel to London and Rome for more talks on Athens’ bailout. Greece’s new anti-austerity government has pledged to write off half the 315 billion euro debt.

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5 thoughts on “Greek Finance Minister wants new deal with lenders by end of May

  1. Anything but leaving the Euro and not making main street pay for Bankers is
    doomed to fail i heard that George Sero’s is behind the new leader mabye so.
    Iceland is the only one who made the RIGHT Move, they put the BANKERS in
    Jain and bailed out main street, the wealthy and middle class should not
    pay for the super rich failures! In former america those bastards got bonus
    I would like to have seen theem pout in jail! Where they CLEARLY BELONG I
    WILL NEVER FORGET THAT NEW YOUR ACCENTED MAN TELLING US THE FOLKS WHO WOULD
    PAY FOR THIS DEBACKEL THAT YOU HA=D TO PAY HIGH WAGES AND BONUS NEVER DOWN
    WITH THEM ALL LET THERE GOD SORT IT OUT

  2. So in essence they forfeited on most of their debt. America is next. I like
    what Iceland decided to do, pay principal no interest. Smart move.

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