“Yes to the extension, but the decisions will come in March”

The EC leadership considers as given the repayment extension for Greece, but will not clarify the terms in order to calm the markets as to whether Greece will be able to repay its debts.

After the meeting of Eurozone finance ministers, the chairman of the Eurogroup Jean-Claude Juncker confirmed that the extension was agreed on in principle, but will pass as part of an overall package of the Eurozone to deal with the crisis because they want to announce it simultaneously in order for it to act as a more drastic measure in the battle with the markets.

On the other hand, it seems that the issue of interest rate cuts will have to wait, at least until the summit in February. Although Juncker spoke of acceleration in decision-making processes, the… prophecies by Schaeuble and Lagarde, speaking of decisions in March, seem to be vindicated.

The Eurogroup vice president made it clear, however, that if there are going to be increases in rates, they will be implemented for both Greece and Ireland.

But in this way the EC leaders do not seem ready to avoid abuse!

It’s indicative that a Skynews reporter almost had fun asking Juncker if he agrees with the estimation that «no matter how much money you give to Greece, it will go bankrupt» and whether they had discussed plans for debt restructuring. That’s where the… fun ended since Juncker stopped the discussion.

However, the good news is that on January 19, the 6,5bil euros of the third installment will be deposited in the state funds.