In a speech given on 11 June 2018 in the IFo Institute (Munich), former Greek Finance Minister Yanis Varoufakis noted the urgent need for a fiscal reform, which France and Germany see in a very different way, in order to save the Eurozone.
There is still no definitive take on what happened between January 25, 2015, when SYRIZA was elected to power and July 13, when Tsipras agreed a bailout deal he had insisted he would never sign. Former Finance Minister Yanis Varoufakis has provided his interpretation of the events in his book, Adults in the Room.
Nick Malkoutzis via Macropolis | A pointless referendum, a prime minister resigning, the opposition collapsing in a heap, the finance minister disappearing and nobody having any plan about what to do: This has all happened over the last few years in Greece. Never, though, all at the same time as has just occurred in the UK.
LONDON | July 16, 2015 | Barclays | The Greek parliament passed a package of measures as part of its bailout agreement, with the focus now shifting to whether the ECB raises the ELA ceiling. The Governing Council meeting is also scheduled for today, and we expect the press conference to be focused on Greece.
ATHENS | April 28, 2015 | By Nick Malkoutzis via MacroPolis | Such has been the impasse between Greece and its lenders over the last three months (add a few more on if you want to look beyond just this government’s shortcomings) that markets reacted with some joy to the news on Monday that one inexperienced economics professor is replacing another as the central figure in Athens’s negotiations with creditors.
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.
MADRID | By JP Marín Arrese | With the request for a six-month extension of the current bailout being flatly rebuffed by the German Finance Minister, hopes for a compromise at the Eurogroup meeting today are dwindling. Even if talks collapse, keeping Greece afloat lies almost entirely in Mario Draghi’s hands.
MADRID | Sean Duffy | Today´s meeting of the Eurogroup brings Finance Ministers Varoufakis and Scauble head-to-head. Germany are unimpressed with Greek proposals,meaning that the Greeks face the prospect of being cut off from extra bailout funding.
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.