Greece's Tough Debt Talks Yield Four-Month Bailout Deal
Greece's anti-austerity government has agreed to extend its current bailout deal with the E.U. for four months.By Matt Picht | February 20, 2015
Greece's left-wing government has reached a tentative agreement with its Eurozone debtors to extend the terms of its current bailout deal for four months.
Greece's finance minister Yanis Varoufakis told reporters: "The Greek government has gone, not the extra mile, but the extra ten miles. And now we're expecting our partners to meet us, not halfway, but one-fifth of the way."
The two-page draft document, which still has to be approved by all 19 E.U. countries involved in the debate, would keep the Greek government supplied with vital loans for four months. That's short of the six months Athens had initially requested.