Yanis varoufakis

Tuesday

Fredrik Erixon

The Eurozone crisis is as much a political problem as it is an economic one

Veterans of Eurozone crisis summits, hoping for another nail-biting drama, had queued to get ringside seats. But yesterday’s meeting over Greece with Eurozone Finance Ministers ended without result. And you shouldn’t be surprised. We’ve been here many times before – Eurozone committees keep minutes but lose hours – and this was not a meeting during which decisions were to be taken. While some Eurozone watchers have convinced themselves that there is now a new script for Greece’s relation with its Eurozone creditors, no Eurozone government but the Greek share that view. It’s not just that other capitals are hostile to Greece’s own game plan of forcing other governments to make a new

Monday

Isabel Hardman

Greek debt talks break up – can the eurozone hold together?

Are we now closer to Grexit? Tonight’s talks between eurozone finance ministers broke up after a few hours with Greece slamming the draft statement prepared by the group as ‘unacceptable’ and ‘unreasonable’. That statement was leaked by the Greek camp while the talks were happening, which can’t have helped the atmosphere in the room. The talks broke up acrimoniously. Finance ministers have told Athens it has until Friday to agree to maintain the current bailout under the troika, but Varoufakis said in a press conference this evening that ‘we are going to meet halfway during the next couple of days. Europe will do the usual trick, it will pull a

Monday

Isabel Hardman

Osborne uses meeting with Greek finance minister to tell people to vote Tory

Even though he wasn’t quite prepared in the sartorial stakes for the visit of Greek finance minister Yanis Varoufakis, George Osborne was ready to use the meeting between the two as another messaging moment. Following their discussions, the Chancellor has released this quote: ‘It’s clear that the standoff between Greece and the Eurozone is fast becoming the biggest risk to the global economy, and it’s a rising threat to our economy at home. In Europe as in Britain now is the time to choose competence over chaos. I urged the Greek finance minister to act responsibly, but it’s also important that the Eurozone has a better plan for jobs and