Greek Government Shuns Troika, Vows To Renegotiate Bailouts
The finance minister of Greece's new leftist government says the country won't cooperate with the troika of lenders managing Greece's bailout program.By Matt Picht | January 30, 2015
Greece's new leftist government has doubled down on their promise to radically restructure their debt burden.
Finance Minister Yanis Varoufakis told reporters, "But with the troika, which aims at implementing a program which we consider anti-European, with this committee, which according to the European Parliament is poorly structured, we do not aim to work with."
The country's new finance minister vowed Friday the government would not negotiate with the coalition of lenders, known as the troika, which currently manages Greece's debt. He also said Greece would not seek an extension of their current bailout plan.