Another “nein” from Germany. Berlin rejects Varoufakis’ request for loan agreement extension

scheuble_talksThe German Government has rejected the Greek government’s request for a 6 month extension of the country’s loan agreement with its creditors.

According to reports by the German and the French news agencies, Berlin believes that the Greek proposal doesn’t offer any substantial solutions.

“The document does not meet the criteria agreed by the Eurogroup on Monday,” the German Finance Minister’s spokesman said on Thursday, noting that Greece asks for a “bridge-deal” without committing to fulfill its obligations.

On the other hand, the European Commission’s response to Greece’s request is much more positive.

The EU said on Thursday that Varoufakis’ letter marks a big step towards achieving a much-needed compromise to end the row, according to an AFP report.

More specifically, the European Commission President’s spokesman, Margaritis Schinas, told the press that  Jean-Claude Juncker “sees in this letter a positive sign which could pave the way for a reasonable compromise in the interest of financial stability in the euro area as a whole.”

with info from