Greece says will not cooperate with troika or seek aid extension

[PoliticAverse]

Greece's government will not cooperate with the EU and IMF mission bankrolling the country and will not seek an extension to the bailout program, its finance minister said on Friday.

Jeroen Dijsselbloem, head of the euro zone finance ministers' group who is in Athens for talks with the new government, said the two sides would decide what would happen next before the program ends on Feb. 28.

"This platform enabled us to win the confidence of the Greek people," Finance Minister Yanis Varoufakis told reporters after their meeting. "Our first action as a government will not be to reject the rationale of questioning this program through a request to extend it."

Varoufakis said he had assured Dijsselbloem that Athens planned to implement reforms to make the economy more competitive and have balanced budgets but that it would not accept a "self-fed crisis" of deflation and non-viable debt.

Read the rest at: http://www.cnbc.com/id/102376551

[geek tragedy]

1. Here comes the Grexit. nt

[NightWatcher]

2. Good for them. I think they'll come through this okay.

Maybe the birthplace of Democracy will spawn the next best thing

[Tierra_y_Libertad]

3. Bravo! Spain may follow suit and elect a similar government that's "for the people".

[FLPanhandle]

4. Sounds like someone has line of credit from somewhere else.

Russia & China?

[PoliticAverse]

5. That would certainly enhance their negotiating position. n/t