Germany Rejects Greece’s Loan Extension Request

With just nine days until the current deal ends, Germany refuses Greece’s request for six-months of bridge financing

Greece looks like it’s one step closer to printing drachmas after Germany rejected its proposal for a six-month extension to the eurozone loan program. The request had been seen as a sign that Greece was still interested in reaching a compromise after this week’s Eurogroup meeting failed to find any common ground, but Germany’s rejection implies that there may not be a deal to be had.

Germany calls Greek request for an extension ‘bridge financing’

Yesterday Greek finance minister Yanis Varoufakis sent a letter Jeroen Dijsselbloem, Dutch finance minister and head...