BEIJING, Oct. 25 (Xinhuanet) --Greek Finance Minister Yannis Stournaras claims Greece has achieved an extension to meet the terms of its international bailout program.
Greece’s government has been locked in talks with its international creditors over a 13.5 billion euros package of new austerity measures for the next two years. Its current multibillion-euro bailout program was due to run out at the end of 2014. Greece has been asking for the program to be extended by another two years to 2016.
But, authorities in Europe have not confirmed the agreement. Germany said it was still awaiting a report on Greece’s economic reforms from the "troika" of international debt inspectors - the European Union, European Central Bank and International Monetary Fund.
Simon O’Connor, a spokesman for European Monetary Affairs Commissioner Olli Rehn, told reporters in Brussels that there has been "no agreement yet". In Berlin, Chancellor Angela Merkel’s spokesman Steffen Seibert reiterated that the German government cannot and won’t make a decision until it receives the troika report.
