Athens Eurozone Finance Ministers

Eurozone finance ministers: Germany has repeatedly poured cold water on offering Greece more time outside the current arrangement, especially the austerity commitments, arguing that any extension of loans was "inextricably" linked to the reforms earlier agreed by Athens, according to Australian Broadcasting Corporation. Eurozone finance ministers set five conditions at their talks Monday for continuing their financial support to Athens, including a pledge not to reverse previously accepted reforms. Related Story: Greece asks EU for six-month loan extensionRelated Story: Which Australian is charged with saving Greece economy Map: Greece Germany has rejected a request by Greece to its European partners for a six-month extension to its EU loan program, saying it was "not a substantial proposal for a solution". "The letter from Athens is not a substantial proposal for a solution," a spokesman for German finance minister Wolfgang Schaeuble said in a short statement. "In truth it aims at bridge financing, without meeting the requirements of the program. "The letter does not meet the criteria agreed upon in the Eurogroup on Monday." Debt-wracked Greece sent a make-or-break request to extend its European loan program that expires at the end of the month, but demanding to end hated austerity measures. Other conditions include that Athens should not undertake new reforms that would burden Greece public finances, and a commitment by Athens to reimburse all its creditors. External Link: dutch tweet That raised hopes of a deal to avert possible bankruptcy and a Greek exit from the 19-nation currency area. Eurozone finance ministers to consider request Eurozone finance ministers will meet on Friday afternoon in Brussels to consider the request, the chairman of their Eurogroup, Jeroen Dijsselbloem, said in a tweet. (news.financializer.com). As reported in the news.