Greek Government and Formal Request

loan agreement: Related:Varoufakis and the Greek-German standoff Letters The rebuff from Berlin came just hours after Greece filed a formal request to its eurozone partners to extend its loan agreement, in the hope of averting a cash crisis, according to The Guardian. A Greek government spokesman insisted that the eurogroup had only two options: either to accept or reject the Greek request. Setting the scene for a make-or-break meeting in Brussels , the eurozone largest economy dismissed as not substantive a proposal from Greek finance minister Yanis Varoufakis,which appeared to have all but capitulated to creditors’ demands. It will then be clear who wants to find a solution and who doesn’t. But in a sign of divisions within the EU, Germany said the Greek plan failed to meet eurozone ministers’ demands that Greece stick to its bailout programme – a set of conditions laid out on Monday at an acrimonious meeting in Brussels that failed to end the deadlock. The European commission welcomed the Greek proposal – widely seen as a climbdown on some of Greece key demands – as a positive sign that could pave the way for compromise. (news.financializer.com). As reported in the news.