Of course they can. EU rules are made of rubber.
MNI report a senior EU official saying that Greece can extend the bail out program but with strict conditionality, if the fifth Troika review is not completed by the end of December. EU’s Jeroen Dijsselbloem has made clear he expects the review to be completed on time, but the official stated the extension;
“it is technically possible for up to 12 months,but it has been made clear to the Greek authorities that a new memorandum of understanding will be signed which will include all the tough measures Greece needs to take and all the pending structural reforms and pre-requisitions.”
On and on and on it goes.
