04-28-2015, 11:22 AM
When Yanis Varoufakis warned his fellow euro-area finance chiefs of the dangers of pushing his government in Athens too far, Peter Kazimir snapped. Kazimir, Slovakia’s finance minister, launched a volley of criticism at his Greek counterpart, releasing months of pent-up frustrations among the group at the political novice. They’d had enough of what they called the economics professor’s lecturing style and his failure to make good on his pledges.
The Rumble in Riga: How the EU Lost Patience With Varoufakis - Bloomberg Business
Greece, which owes €324 billion to the International Monetary Fund, the European Central Bank, and euro zone governments, faces a relentless debt payment schedule over the next few months. Little money has been coming into the country, however, and talks over the release of bailout funds are progressing slowly.
Greece’s Scary Calendar of Debt Payments Due - Bloomberg Business
Europe's political leaders and central bankers and Greek politicians agree on only one thing: if Greece goes down, they don't want their fingerprints on the murder weapon. If Athens runs out of cash and defaults in the coming weeks, as seems increasingly possible, no one wants to be accused of having pushed it over the edge or failed to try to save it.
If Greece falls, no one wants their prints on the murder weapon - Yahoo Finance