Monday, February 16, 2015

Report: "Eurozone's Greek talks collapse early"

by Bill McBride on 2/16/2015 01:16:00 PM

The Financial Times has the draft text: Eurozone's Greek talks collapse early

The draft text, obtained by the Financial Times, states that Greece would agree to a six-month "technical extension" of its current bailout ... "This would bridge the time for Greece authorites and the Eurogroup to work on a follow-up arrangement," ... Athens would "successfully conclude the programme, taking into accounts the new government's plans" and promised the "best use of the existing flexibility in the current programme".
Greece rejected this statement.

Press conference here.