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The bailout extension was agreed but more disagreement is on the horizon (Photo: Constantine Gerontis)

Greece needs 'new arrangement' on debt deal

Greece has indicated it will shortly ask for further assistance, in a sign the bailout extension agreed last week is just the beginning of a longer battle between Athens and its international creditors.

Finance minister Yanis Varoufakis told Handelsblatt newspaper that Greece will need a "new arrangement" in order to meet the country's repayment obligations of around €11.5 billion between June and August.

He said he was not asking for some of the country's debt to be written off, ...

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The bailout extension was agreed but more disagreement is on the horizon (Photo: Constantine Gerontis)

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