×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Friday
16
Oct 2026
weather symbol
Athens 19°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by
> Politics

FT: ECB resists latest bailout plan

Varoufakis has asked for the 1.9 billion euro profits of the ECB and Eurozone Central Banks which was earned by holding Greek bonds to maturity, as a possible source of income. The cash was to be returned to Athens, but never was

Newsroom February 3 11:08

Δείτε περισσότερα άρθρα μας στα αποτελέσματα αναζήτησης

Add Protothema.gr on Google

The European Central Bank is resisting the Greek new government’s latest bailout plan, according to the Financial Times.

The Greek Minister of Finance Yanis Varoufakis proposed that Athens to increase its earnings by 10billion euro from having short-term Treasury bills as a “financing bridge” in order for the country to take a breather over the next three months, until a new deal with lenders is made.

However, as the Financial Times report indicates, ECB is not willing to approve the sale of the debt. Will not increase the limit to 15 billion euro to issue government bonds, according to two officials involved in the negotiations. “The Greek plan is fully based on ECB. The ECB will keep a hard line,” said another official to the newspaper.

Without the financing of government bonds, Athens will exit its bailout program without access to emergency funding for the first time since the first Greek bailout began in May of 2010.

ECB watches closely the “battle” between the anti-austerity government in Athens and its international creditors, which if unresolved, would leave Greece running out of cash within weeks.

>Related articles

Papathanasis rejects claims that ‘My Home’ scheme is driving up property prices

EU leaders call for new energy crisis measures as Mitsotakis pushes for changes

Marc Poll: New Democracy at 30.4%, leading by 14.6 points; ELAS stalls at 15.8%, PASOK narrows gap to 3.4 points, Kasidiaris’ party at 4.2%

Yet, Varoufakis has asked for the 1.9 billion euro profits of the ECB and Eurozone Central Banks which was earned by holding Greek bonds to maturity, as a possible source of income.

Under a 2012 deal, the cash was to be returned to Athens, but never was.

However, according to FT, officials said that Eurozone ministers are unlikely to allow those funds to be released without a broader agreement, complete with tough conditions.

Ask me anything

Explore related questions

> More Politics

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

Houthis strike Yemen’s Presidential Palace with missiles and drones: Five dead, Prime Minister & cabinet ministers safe

October 16, 2026

Eight substances found in George Mazonakis’s blood, including cocaine, family-appointed expert says

October 16, 2026

Illegal gambling in Greece: How a criminal ring used rigged software and panic buttons to evade police

October 16, 2026

George Vardinogiannis, known as “The Captain”, dies aged 90

October 16, 2026

Flying cars are here, Tesla says, unveiling new, space-age Roadster that drives upside down and flies (see videos)

October 16, 2026

Greece inflation Hits 5.1% in September as Eurozone Rate Rises to 3.8%

October 16, 2026

Thessaloniki’s International Film Festival 2026: The Films, Events & Experiences

October 16, 2026

EU backs Ukraine: sanctions on Russia will remain until it ends the war

October 16, 2026
All News

> Greece

In reverence, the emotional deposition in Jerusalem, see photos & video

The Holy Temple of the Resurrection opened after many days due to the war between Israel and Iran

April 10, 2026

In the final stretch for the accreditation of joint master’s degrees: Aiming for their launch in the coming academic year

April 10, 2026

Schedule for Epitaph Procession today (10/4)

April 10, 2026

Perfect weather for Easter excursions, according to Tsatrafyllia’s forecast

April 10, 2026

Easter in Greece: The customs that continue in Greek tradition – From Nafpaktos to Corfu

April 10, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα