Germany rejects Greek demand for EU bailout extension

‘Germany has rejected Greece’s proposal for a six-month renewal of its European Union’s bailout program, describing it as “not substantial.”

A statement from the office of German Finance Minister Wolfgang Schäuble on Thursday dismissed the practicality of Athens’ recent proposal which demanded that its EU partners extend Greece’s bailout program for six months.

“The letter from Athens is not a substantial proposal for a solution,” said the short statement.’

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