Greece to push for revision of bailout by EU partners
Economy
09:09 11/02/2015

Greece to push for revision of bailout by EU partners

Greece's left-wing government has drawn up a 10-point plan to replace 30% of its massive bailout deal, the BBC reported.

The Greek government easily won a confidence vote late on Tuesday, on the eve of the meeting with EU officials.

Greece will put its plan to eurozone finance ministers in Brussels. But a swift deal is unlikely, with Greece being warned to abide by bailout terms.

The EU-IMF bailout for debt-laden Greece expires on 28 February and Athens does not want it extended.

The government says the bailout conditions - sweeping public spending cuts and job losses - have impoverished Greece.

It rejects the "troika" team - the EU, International Monetary Fund (IMF) and European Central Bank (ECB) - overseeing implementation of the €240bn (£182bn) bailout.

However, German Finance Minister Wolfgang Schaeuble has insisisted Greece must not renege on the bailout conditions.

Prime Minister Alexis Tsipras's government won a confidence vote on Tuesday evening, as was expected, with the backing of its coalition partner, a small right-wing party.

His government had the support of 162 deputies in the 300-seat parliament.

 

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Greece to push for revision of bailout by EU partners