03-20-2015, 11:48 PM
With incendiary interviews, an undiplomatic demeanour, a celebrity photo shoot and an obscene finger gesture, Yanis Varoufakis is becoming part of Greece's debt problem rather than the solution, or so his euro zone partners believe.
The 'Varoufakis problem' is weighing on Greek debt talks - Business Insider
International Monetary Fund officials told their euro-area colleagues that Greece is the most unhelpful country the organization has dealt with in its 70-year history, according to two people familiar with the talks.
IMF Considers Greece Its Most Unhelpful Client Ever - Bloomberg Business
With Greek bank bonds collapsing, stocks near record lows, Greek default risk at post-crisis record highs, and Greek government bond yields spiking, it has been surprisng that we have not seen the ATM lines and generalized 'panic' of a population in fear of being "Cyprus'd." Well, now as ekathimerini reports, that appears to escalating and rapidly as credit sector officials estimated that the flight of deposits yesterday alone amounted to 350-400 million euros, which was some five times higher than the daily average in previous days.
Greek Bank Deposit Outflows Spike As Capital Controls Concern Spreads | Zero Hedge
While many economists support the Keynesian view that public sector investment can shore up the economy when the private sector is shrinking during a downturn, German Chancellor Angela Merkel has been leading the country with the belief that the government has a very limited role, andmarkets can operate freely in a social market economy. “They have a particular view of the world, and they want to impose that on other countries, in effect,”says Allen
How Germany Can Make or Break the Euro -- K@W
With relations between Greece and its European neighbors at an all-time low, and the country's politicians appearing increasingly defiant in the face of criticism, analysts are questioning whether Greece actually wants to get kicked out of the single currency.
Does Greece want to get 'kicked out' of euro zone?
“The risk for Europe remains Greece because, despite the agreement and Bundestag approval, it is not clear to me that the Greek interpretation of the loan extension is in accordance with the Troika’s understanding. German finance minister Wolfgang Schäuble is selling the deal to his German compatriots by saying things like, “Greece will not get a single penny until it complies with its obligations.” At the same time, the Greek finance minister Yanis Varoufakis is telling the press that “the Memorandum is finished! Because you know what the Memorandum is? It is a series of conditionalities and criteria that needed to be fulfilled. These criteria are now over!”
Greece will be left out in the cold while the rest of Europe recovers - Business Insider