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Summary

  • Germany foreign minister: “time is running out” for Greece
  • Greek loan extension will not include IMF finance
  • IMF “gave money to save German and French banks, not Greece”
  • Greece “entirely justified” in questioning loan conditionalities
  • Greek parliament announces debt audit

n February, Greece agreed a four-month extension to its loan from the European Central Bank (ECB) and European Commission (EC), which along with the IMF comprise the Troika of lenders to eurozone states since 2010. The loan is subject to a review of the reforms the government commits to undertake during the extension. The IMF, however, is not part of the new agreement. More