05/02/2015:
Germany tells Greece it must honour bailout terms
Greek government needs to negotiate an extension of its bailout loans by end of February or country will run out of money by summer.
It is fair to say the meeting between Greece and Germany on Thursday to discuss Greece’s near bankrupt state did not go well.
German Finance Minister Wolfgang Schaeuble told Greek Finance Minister Yanis Varoufakis that Greece must honour the terms they previously agreed to regarding the country’s $342-billion international loan bailout. Germany, the economic engine of the European Union, holds much of Greece’s debt.