BRUSSELS/ATHENS, Feb 17 (Reuters) – A war of words between
Greece and EU paymaster Germany escalated on Tuesday with
Athens’ new leftist prime minister refusing what he called
“blackmail” to extend an international bailout and vowing to
rush through laws to reverse labour reforms.
Financial markets held their nerve after the latest talks
among euro zone finance ministers broke down late on Monday and
EU partners gave Greece until the end of the week to request an
extension or lose financial assistance.
BRUSSELS, Feb 17 (Reuters) – European Union finance
ministers wielded enticements and veiled threats on Tuesday to
press Greece to stay in an international bailout as financial
markets slipped on fears of disruption if Athens’ credit lines
expire in 10 days time.
However, the euro recovered from a dip that followed the
acrimonious breakdown of talks on Monday night, as investors
took the view that both sides would climb back from the brink.
BRUSSELS (Reuters) – European Union finance ministers piled pressure on Greece on Tuesday to remain in an international financial rescue program as the euro weakened on fears of disruption when Athens’ credit lines expire in 10 days time.
But as he returned to meetings on other, routine, matters with his EU counterparts in Brussels after the collapse of talks on Monday night, Greek Finance Minister Yanis Varoufakis dismissed their argument that his only option is to come back to them and ask to extend a bailout rejected by Greek voters.
BRUSSELS (Reuters) – The Greek government promised to do “whatever we can” to secure a deal with its international creditors next week, cheering investors as experts from both sides began technical talks on Friday to lay the ground for an accord.
Fears of financial chaos have seen savers taking their cash out of Greek banks – a movement banking sources said had been the reason for the European Central Bank offering more emergency funding for Greek banks on Thursday until after crunch talks among euro zone finance ministers on Monday.
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BRUSSELS (Reuters) – Resolving the crisis over European financial support for Greece may come down to creativity with words if an initial failure to craft a compromise is any guide – whatever real political differences remain.
A row over wording thwarted a joint statement by the Eurogroup of euro zone finance ministers on Wednesday night covering steps to be taken for keeping the country afloat and possibly restructuring its debt.