Brussels - Greek Finance Minister Yanis Varoufakis said on Monday he had been prepared to agree to a deal with creditors that would have given Athens four to six months additional credit in return for putting major new budget policies on hold.
He said the European Commission had put such a suggestion to him before Monday's meeting of euro zone finance ministers but that it had been superseded by a different draft proposal - from Eurogroup President Jeroen Dijsselbloem - that he could not sign because it obliged Athens to extend its current bailout package.
Dijsselbloem's proposal was "highly problematic," he said.