Eurozone finance ministers reject Greece bailout extension request

Eurozone finance ministers rejected Greece's last-minute request to extend its bailout program, but will consider a request for a new rescue program, Finland's finance minister, Alexander Stubb, said via Twitter. "Extension of program or haircut not possible...request for ESM-program is always dealt with through normal procedures," Stubb said in a pair of tweets following a conference call with eurozone finance ministers. Greece has called for a new, two-year bailout program via the European Stability Mechanism, or ESM, which is Europe's permanent bailout facility. News reports said finance......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/1RQR341
via IFTTT