BRUSSELS (Reuters) – The “rock star” took on the rock. And the rock won.
Germany’s Wolfgang Schaeuble, the “immovable object” in the words of one economist, stopped Greece’s charismatic new finance minister Yanis Varoufakis in his tracks, forcing Athens to extend a bailout programme on Friday on terms its government was just elected to get out of.
It was not just German opposition. The new Greek found itself without a single firm ally among 18 euro zone peers in its drive to reverse austerity and renegotiate its debt pile.
BRUSSELS, Feb 22 (Reuters) – The “rock star” took on the
rock. And the rock won.
Germany’s Wolfgang Schaeuble, the “immovable object” in the
words of one economist, stopped Greece’s charismatic new finance
minister Yanis Varoufakis in his tracks, forcing Athens to
extend a bailout programme on Friday on terms its government was
just elected to get out of.
ATHENS/BRUSSELS (Reuters) – Greece’s left-wing government insisted on Saturday it had avoided being “strangled” by the euro zone, which agreed in principle to extend a financial rescue deal as nervous savers pulled huge sums from Greek banks.
Athens said the deal struck late on Friday in Brussels should calm Greeks who had feared capital controls might be imposed as a prelude to leaving the euro. But some weary voters questioned what their new leaders had achieved in weeks of testy exchanges with euro zone hardliners led by EU paymaster Germany.
BRUSSELS (Reuters) – Belarus President Alexander Lukashenko’s hosting of Ukraine peace talks may have a side effect at home – helping thaw relations between the European Union and a man the West calls “Europe’s last dictator”.
A meeting in Minsk on Friday with the foreign minister of neighbouring Latvia, travelling in his capacity as chair of the EU ministerial council, will mark another step in what diplomats say is an accelerating process that could see some easing of sanctions on Lukashenko and even an invitation to a May summit.
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.