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Germany Rebuffs Greek Loan Request

Greece's offer doesn't meet euro region's conditions, Germany says.

By Eleni Chrepa, Paul Tugwell and Karl Stagno Navarra, Bloomberg | Updated on February 19, 2015

Germany rebuffed Greece’s request for an extension of its aid program, saying the Greek offer doesn’t meet the euro region’s conditions for continuing aid.

The Greek government is trying to obtain bridge-financing without meeting the conditions of its existing rescue program, German Finance Ministry Spokesman Martin Jaeger said in an e- mailed statement. European Commission Spokesman Margaritis Schinas moments earlier had said the Greek letter could be the basis for a “reasonable compromise.”

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