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    Ruined EU and Greek flags fly in tatters from a flag pole at a beach at Anavissos village, southwest of Athens, on Monday, March 16, 2015

    Greece to Ask Eurogroup to Extend Bailout Program Due to Referendum

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    Greece's Gordian Knot: Syriza Tackles Austerity (404)
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    Athens will ask the Eurogroup to prolong the Greek bailout program for several weeks as the country has to prepare for a referendum on the conditions of the debt deal with international creditors, Finance Minister Yanis Varoufakis said Saturday.

    MOSCOW (Sputnik) – Athens will ask the Eurogroup to prolong the Greek bailout program for several weeks as the country has to prepare for a referendum on the conditions of the debt deal with international creditors, Finance Minister Yanis Varoufakis said Saturday.

    The minister added that whether Greece would meet the June 30 deadline for its $1.7-billion debt payment to the International Monetary Fund (IMF) depends on the flexibility of the country’s creditors, Reuters news agency reported.

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    Greece's Gordian Knot: Syriza Tackles Austerity (404)

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    International Monetary Fund, debt talks, Eurogroup, Yanis Varoufakis, Greece
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