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Search Results for: Varoufakis

FinMin Schaeuble suggests Greece should issue IOUs – Did he agree with Varoufakis, after all?

German Finance Minister Wolfgang Schaeuble suggested that Greece should issue IOUs in order to meet some of its domestic payment obligations. According to information of German daily Handelsblatt, Schaueble suggested the IOUs option during discussions with other euro zone finance ministers at the Eurogroup meeting yesterday, Monday. Citing eurogroup participants, …

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Fair compromise: Tsipras fired Varoufakis; now Merkel’s turn to send her radical FinMin home

Here we go again: The three institutions received and evaluated the Greek proposals and sent their commendation to the Eurogroup. In their assessment, the creditors reportedly accept Greece’s proposals as basis for negotiations for a new agreement but they also say that Greece must do much more in form of …

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FinMin Yanis Varoufakis resigns, background

Finance Minister Yanis Varoufakis submitted his resignation on Monday morning after Greeks rejected creditors’ proposal with 61.31%. Below is what the “star” FinMin wrote in his blog. 11:25 am The name of the new Finance Minister is to be announced after the Political Leaders Council currently conveying under President Pavlopoulos. …

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Varoufakis threatens top EU court action to block Grexit

Finance Minister Yanis Varoufakis threatened that Greece can take the EU and the Eurozone (?) to European Court of Justice in order to block a Greek exit from the euro area. “They cannot drive us away from the eurozone,” Varoufakis told UK’s Telegraph.   The Finance Minister said that the …

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