×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Thursday
26
Mar 2026
weather symbol
Athens 15°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Greek gov't seeks "bridging deal" until May

Athens wants "breathing space" to present its proposals and tide it over until May after the bailout agreement expires on February 28

Newsroom February 2 08:57

Athens wants a three-month agreement – what it calls a “bridging deal” – until the end of May in order to submit its proposals, instead of Feb. 28, when the austerity program expires.

Greek Deputy Prime Minister Yiannis Dragasakis said on Sunday that a political agreement would render the request for a technical extension of the fiscal bailout program unnecessary. Speaking to private TV channel MEGA he said that such an agreement would also cover the European Central Bank (ECB) in anything related to bank liquidity.

Greek Finance Minister Yanis Varoufakis made it clear, following a meeting with Eurozone Finmin chief Jeroen Dijsselbloem on Friday, that Greece would no longer cooperate with troika inspectors from the European Commission (EC), ECB and International Monetary Fund (IMF) overseeing the bailout accord. Furthermore, the government boldly stated it would refuse new loans from the EU and IMF, raising questions as to how it would finance itself after Feb. 28.

The government has also stated that it will refuses to deal with technocrats representing its troika of international creditors but wishes to hold direct talks with each of the three institutions’ leaders.

A number of European partners have expressed doubt that the SYRIZA government can meet election pledges and still stay on track regarding its finances. The government has made it clear that it plans to keep its election promises such as raising the minimum wage, restore collective bargaining, rehiring retrenched public workers and stopping privatizations.

Dragasakis clarified that the new program Greece is seeking would focus on restructuring rather than on austerity measures. In particular, tax evasion and transparency would be dealt with.

TSIPRAS

>Related articles

Recovery Fund: Green light from the Commission for a new tranche of €1.18 billion to Greece, 68.5% of total disbursements

Cyprus: The eight measures announced by Christodoulides on the impact of the war in Iran

OECD lowers Eurozone growth forecast due to the war in the Middle East

Rallying for allies

A drive to rally support has begun with Varoufakis meeting with his French counterpart Michel Sapin in Paris on Sunday. On Monday, Varoufakis is in London, before talks in Rome on Tuesday. The Greek Finance Minister has also expressed a desire to travel to Berlin.

On his part, Prime Minister Alexis Tsipras is to meet with Italian Prime Minister Matteo Renzi, French President Francois Hollande and EC President Jean-Claude Juncker this week. On Monday, Tsipras is headed to Cyprus for a mostly symbolic visit.

Ask me anything

Explore related questions

> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

Women in uniform for the first time: A three-digit number of applications for 12-month voluntary service, with bonus points for public sector hiring as an incentive

March 26, 2026

Recovery Fund: Green light from the Commission for a new tranche of €1.18 billion to Greece, 68.5% of total disbursements

March 26, 2026

Transgender athletes excluded from the Olympic Games: New IOC decision ahead of Los Angeles 2028

March 26, 2026

Britain introduces “plug-in” solar panels for homes to tackle the energy crisis caused by the war in Iran

March 26, 2026

EU investigation into Snapchat for the protection of minors, pornography platforms also targeted

March 26, 2026

Cyprus: The eight measures announced by Christodoulides on the impact of the war in Iran

March 26, 2026

Maduro back in court today: Claims Washington is interfering with his ability to defend himself

March 26, 2026

OECD lowers Eurozone growth forecast due to the war in the Middle East

March 26, 2026
All News

> Politics

Women in uniform for the first time: A three-digit number of applications for 12-month voluntary service, with bonus points for public sector hiring as an incentive

Female conscripts are offered bonus points for recruitment in the public sector and recognition of prior service, along with incentives for career advancement as Short-Term Re-enlisted Soldiers or Professional Soldiers

March 26, 2026

New minimum wage at €920: Mitsotakis announces €40 monthly increase compared to last year

March 26, 2026

Minimum wage: New increase to be unveiled today, around €920 the main scenario

March 26, 2026

Pavlos de Grece: Attended the March 25th military parade, “We have a strong homeland, what I saw lights up your soul”

March 25, 2026

The Grand Military Parade in Athens for March 25th (videos-photos)

March 25, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα