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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.

The next eurozone meeting is on May 11, Dijsselbloem said dismissing rumours of an extraordinary Eurogroup meeting before that day.

"Our message today is very clear: We need to accelerate, we need to accelerate from today ... there is no other choice if we want to reach the goal that everyone shares, which is a stable, prosperous Greece anchored in the euro zone," EU Economics Commissioner Pierre Moscovici on Friday told a news conference following a meeting in the Latvian capital.

Meanwhile, while everyone was waiting for the press conference, after the critical Eurogroup meeting for Greece, to start several journalists in Riga began to tweet that Mr. Varoufakis had a hard time at the meeting and got a pounding from other finance ministers.

The online version of the Guardian reported one of the tweets that commented: "Could someone in Riga please spass Yanis Varoufakis a sponge and a towel? Sounds like he had a bad morning."

In statements after the end of the Eurogroup to reporters, Finance Minister of Malta Edward Scicluna spoke of "total collapse" in the communication between the two sides.

On the other hand, Bloomberg reports that Finance Minister Yanis Varoufakis reportedly suffered "pounding" from frustrated Europeans FinMins.

According to a report carried on Bloomberg, Yanis Varoufakis received strong criticism from his counterparts in the Eurogroup, who accused him as "a man who wastes time, an amateur, and a gambler."

According to three people with knowledge of what was said behind closed doors at the meeting, eurozone finance ministers accused the Greek Finance Ministry as irresponsible and accused him of wasting time and acting as an amateur and a gambler.