The negotiations that will determine the future of Greece and the Eurozone have dominated the headlines in recent weeks, but there are other concerns as well it seems.

Mr. Schaeuble is obviously reveling, in playing the role of the "all-mighty" German who not only can "punish" Greek interlocutors, but can also ridicule the European Union.

The US government urged European leaders and the Greek government to proceed with mutual compromises during the negotiations on the extension of the loan agreement, while at the same time putting pressure to Europe and Athens in order to reach an agreement on Greece's financing.

The Eurogroup meeting on Friday has been rescheduled for 17:30 (Athens time), Eurogroup president Jeroen Dijsselbloem said in a message posted on Twitter.