01:56 GMT07 April 2020
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    Greek Finance Minister said that the Greek government is not going to cooperate with the so-called troika of international creditors and will not seek extension of the bailout program.

    ATHENS, January 30 (Sputnik) – The Greek government is not going to cooperate with the so-called troika of international creditors and will not seek extension of the bailout program, Greek Finance Minister Yanis Varoufakis said Friday.

    “Our first act as a government will not be the continuation of the program. In a cooperative spirit we want to convince our partners that public interest will be served more efficiently with a new agreement,” Varoufakis was quoted as saying by the Greek Reporter.

    Following the meeting with President of Eurogroup Jeroen Dijsselbloem, Varoufakis said he dismisses the logic of the troika and the government will not cooperate with it, according to the news agency.

    Varoufakis said that he had discussed procedures that would boost confidence and lead to a new agreement with the Eurozone with Dijsselbloem.

    "From my side, I referred extensively to the Greek government’s priorities and the determination with which we intend to proceed with necessary, deep reforms, which must be made without fear and passion and restore the country’s competitiveness," he said.

    On Wednesday, newly-elected Greek Prime Minister Alexis Tsipras said during his first cabinet meeting that he plans to renegotiate the country's $270 billion bailout debt with its creditors.

    In 2010, the troika of international creditors: the European Commission, the International Monitory Fund and the European Central Bank, agreed a $146 billion bailout package for Greece to prevent a default on its large debt.

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    Eurozone, Troika, Yanis Varoufakis, Greece
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