Agreement on loan 鈥榠ntentionally vague鈥
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GREECE’S finance minister says the country’s agreement to extend its international loan agreement by four months was intentionally vague to ensure European countries that needed to have it ratified by their parliaments would be able to do so.
Yanis Varoufakis said the vagueness in the agreement reached with the eurozone’s finance ministers was what Greece’s EU partners wanted.
Greece was granted the extension by its European creditors in exchange for a commitment to budget reforms Varoufakis laid out in a document sent to Brussels.
Varoufakis said: “We are very proud of the degree of ambiguity. And I use a term, constructive ambiguity.”
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