Germany rejects Greece request for loan extension
by Jennifer Rankin in Brussels and Helena Smith in At from Economics | The Guardian on (#3DAV)
Shock announcement from Berlin came after Greece filed formal request to eurozone partners
Germany and Greece are on a collision course ahead of crucial bailout talks on Friday after Berlin knocked back a Greek compromise proposal and insisted the country stick to its existing austerity plan.
Setting the scene for a make-or-break meeting in Brussels , the eurozone's largest economy dismissed as "not substantive" a proposal from Greek finance minister Yanis Varoufakis,which appeared to have all but capitulated to creditors' demands.
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