Greek government rejects a five-month extension to its bailout programme

Market news

26 June 2015

Greek government rejects a five-month extension to its bailout programme

The Guardian reported on Friday that the Greek government rejected a five-month extension to its bailout deal.

According to a European official, Greece's lenders offers a financial aid of €15.5 billion in four instalments by the end of November if Greece implements economic reforms. Greece would receive the first instalment of €1.8 billion by Tuesday.

European Commission President Jean-Claude Juncker is optimistic a deal with Greece could be reached

Thomson Reuters/University of Michigan final consumer sentiment index increases to 96.7 in June

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