Finance Minister – Greece will no longer work with troika

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Finance Minister - Greece will no longer work with troika

The new Greek government will refuse to engage with auditors from the EU, the European Central Bank and the International Monetary Fund.

Greek Finance Minister Yanis Varoufakis said that Greece will not cooperate with the EU and IMF mission bankrolling the country and will not seek an extension to the bailout program.

He made the announcement on Friday, following a meeting with Eurogroup President Jeroen Dijsselbloem

Press TV reports: Referring to the troika, the Greek finance minister said, “We have no intention of co-operating with a three-member committee whose goal is to implement a program whose logic we consider anti-European.”

He added that an extension for the eurozone lenders’ February 28 deadline would not be sought.

“This platform enabled us to win the confidence of the Greek people,” he told reporters following the meeting. “Our first action as a government will not be to reject the rationale of questioning this program through a request to extend it.”

In 2010, Greece suffered severe budget cuts in return for a €240-billion ($270 billion) bailout from the troika — the European Commission, the International Monetary Fund (IMF) and European Central Bank (ECB).

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