Managing Director of the International Monetary Fund Christine Lagarde, left, speaks with Greek Prime Minister Lucas Papademos during a round table meeting
of eurozone finance ministers at the EU Council building in Brussels on Monday, Feb. 20, 2012.
This was the paper sent to
eurozone finance ministers on Saturday and formed the basis for the bailout agreement signed off by eurozone leaders on Monday morning, she said.
After Eurozone finance ministers were unable to reach an agreement on Thursday, the president of the European Council, Donald Tusk, announced an extraordinary summit on Monday.
Greece's leftist - led coalition will turn to the lightning rod issue of debt relief on Monday at a crucial meeting of
eurozone finance ministers following the late - night approval in Athens of laws overhauling the country's tax and pension system.
Speaking in Berlin after meeting with members of the center - left Social Democratic Party, Jeroen Dijsselbloem of the Netherlands, the leader of
the eurozone finance ministers, criticized Mr. Schäuble for raising the suggestion of a Greek exit.
In my first week as minister for finance I was visited by Jeroen Dijsselbloem, president of the Eurogroup (
the eurozone finance ministers), who put a stark choice to me: accept the bailout's «logic» and drop any demands for debt restructuring or your loan agreement will «crash» — the unsaid repercussion being that Greece's banks would be boarded up.
AMY GOODMAN: Jean - Claude Juncker is prime minister of Luxembourg and head of the Eurogroup of 17
eurozone finance ministers.
The FDP would likely be reluctant to sign up to
a eurozone finance minister and would want a stronger focus on enforcing fiscal rules limiting budget deficits.
Merkel adopts Macron's call for
eurozone finance minister German chancellor Angela Merkel has joined French president Emmanuel Macron in calling for the creation of a eurozone finance minister in order to increase fiscal integration in the single - currency area.
The Greek government hopes to reach an agreement at an April 24 meeting with
the eurozone finance ministers.
Eurozone finance ministers are meeting on Friday to decide whether to finally approve the agreement.
Officials said that
eurozone finance ministers could stage another emergency session on Sunday either in Brussels or by teleconference.
The eurozone finance ministers rejected Greece's request for an extension in order to hold a referendum.