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Varoufakis pounded at Eurogroup meeting

The Eurogroup meeting taking place in Riga, Latvia, concluded on Friday.

Eurogroup chief Jeroen Dijsselbloem said that there are positive signs, but still wide differences to bridge on substance, adding that time is running out and too much time has been lost. Dijsselbloem also stated that the responsibility for closing the gap falls primarily on Greece.

  • Published in Greece

Varoufakis: Demand for further public sector austerity irrational

A troika demand for further austerity and shrinking of the public sector, without taking in mind the impact on the Greek society and economy, serves only a strict implementation of lending terms and it is not based on some macro-economic model, Greek Finance Minister Yianis Varoufakis said in an interview in an Australian newspaper.

  • Published in Greece
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