Saturday’s three and a half hours teleconference between Greece creditors and 5 key Greek Ministers involved in negotiations -Finance Minister Euclid Tsakalotos, Economy and Development Minister Dimitris Papadimitriou, Labour Minister Efi Achtzoglou, Alternate Finance Minister Giorgos Chouliarakis, and Environment and Energy Minister Giorgos Stathakis- revealed the rift between the two sides on a number of major issues.

In an interview to the Wall Street Journal, Greek Finance Minister Euclid Tsakalotos warned that Germany and the other lenders could miss a unique chance of ending the uncertainty in Greece’s struggling economy they refused to agree on a debt restructuring.

Finance Minister Euclid Tsakalotos presented to the technical team of the European Court of Auditors (ECA) on Thursday the government’s reservations concerning the European Commission's role in the Greek program, as part of the procedure followed for the drafting of a special report on the issue.