Eurogroup cancels financial support to Greece

The Eurogroup, in a statement today, announces that it is canceling financial support to Greece. At the same time, he notes with regret that the Greek Government "unilaterally" suspends the negotiations and rejects the proposal submitted by the Institutions.

The full statement from the Eurogroup reads as follows: Unfortunately, despite the efforts at all levels and the full support of the Eurogroup, this proposal was rejected by the Greek authorities, unilaterally suspending the negotiations on January 20. The Eurogroup cancels financial support to Greece in recent years. The Eurogroup was open until the last minute to further support the Greek people towards a continuous development-oriented program. The Eurogroup takes note of the Greek government's decision to put the proposal to a referendum on 26 July, after the end of the existing program . The current financial assistance with Greece will expire on June 5, 30, as well as all agreements related to the current Greek program that includes the transfer from the eurozone countries of SMPs and profits through ANFA. "The eurozone authorities are ready to do whatever it takes to ensure financial stability in the eurozone."Source: KYPE