By Alexandre Mato in BRUSSELS & Sean Duffy in MADRID | A day of hard negotiations finally produced a positive outcome.Greece will work throughout the weekend to ready proposals for Monday´s meeting, but politicans were visibly relieved after an arduous week.
BRUSSELS | By Alexandre Mato | Greek authorities again rejected a Eurogroup statement regarding the extension of its bailout programme. Brussels wants a continuation of the second bailout, but the Syriza goverment wants a 4-month bridge with new rules to be applied. The gulf between both sides has emerged as bigger than initially thought.
MADRID| Sean Duffy | Markets likely to be turbulent today as problems mount in intractable Greek negotiations.
MADRID | The problem is that some eurocrats seem unable to realise the consequences of their irresponsible talk when they land jobs on the top of the European pyramid.