Greek Finance Minister has been sidelined, Brussels and international media cheer. The pressure against Yanis Varoufakis has increased during the last days especially during the Eurogroup meeting in Riga, with the EU political world to have launched a Blitzkrieg the Greek Finance Minister. Finance chiefs at the Eurogroup meeting in Riga called Varoufakis’s handling of the situation ‘irresponsible’ and accused him of being ‘a time-waster, a gambler and an amateur’. These descriptions were the peak of the Eurogroup Blitzkrieg against Varoufakis whose relaxed style was seen as a challenge and provocation to the stiff-lipped men in black and dark grey.
As if Varoufakis has not negotiating in coordination with the Greek Prime Minister.
Prime Minister Alexis Tsipras apparently saw himself obliged to obey to creditors’ demands and reshuffled his team negotiating the bailout with the country’s creditors. He sidelined Finance Minister Yanis Varoufakis. In a non-paper issued on Monday, the Prime Ministry announced the upgrade of Alternate Finance Minister Euclid Tsakalotos to lead the team.
Sources in the European Commission declared “satisfied” with the reshuffle in Greek negotiating team.
EU Commission spokeswoman Annika Breidthardt said Tuesday that the pace of talks “have intensified” since a weekend meeting of eurozone finance minister, where Greek minister Yanis Varoufakis came under intense pressure from his colleagues.
She refused to elaborate on reports of the sidelining of Varoufakis as the prime contact in the bailout talks beyond saying ministers were happy to talk to any Greek representative, “as long as they have a mandate to negotiate.”
EU Commissioner for Monetary Affairs, Pierre Moscovici, was in the same wave length saying on Varoufakis: “He is a smart person, not always easy, but smart. We can find a common language and, in any case, that is what I wish.”
Luis de Guindos, the Spanish finance minister, even broke protocol by talking to Bloomberg about the events of the Eurogroup meeting on Friday:
“All the ministers told him: this can’t go on,” Spain’s Luis de Guindos said the following day. “The feeling among the 18 was exactly the same. There was no kind of divergence.” The others who provided an account of the meeting in interviews asked not to be named, citing the privacy of the talks. (via BusinessInsider.com)