Greece rejects EU bailout offer as ‘absurd’

Talks between Greece and European finance ministers have collapsed early after Greece rejected the EU’s opening bailout offer as ‘absurd’. (BBC)

IMF’s Lagarde during the final press conference: “If extension is submitted by Greek authorities, we will work together and examine the review process but if review is not completed then disbursement from our perspective cannot take place (Ekathimerini)

European Commissioner for Economic Affairs Pierre Moscovici: “We must be logical, not ideological. That’s the way we can find a solution” (European Commission Representation in Greece)

Talks will continue on Friday in Brussels.