Greek finance chief: loan extension deal intentionally vague to ensure parliament ratification

Government And Institutions Associated Press

Greece's finance minister says the country's agreement with its European creditors to extend its international loan agreement by four months was intentionally vague to ensure the European countries that need to have it ratified by their parliaments would be able to do so.

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Yanis Varoufakis told Ant1 television Friday that 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 last week in exchange for a commitment to budget reforms Varoufakis laid out in a document sent to Brussels. The list is a policy plan but does not contain specific measures or figures.

Varoufakis said that "we are very proud of the degree of ambiguity. And I use a term, constructive ambiguity."