EU commissioner Günther Oettinger: Grexit “unavoidable” without a deal in next five days June 26, 2015 You could be forgiven for becoming increasingly sceptical about Greece's understanding of the word deadline but that's not stopping the EU from issuing another ultimatum. This time it's Germany's EU commissioner Günther Oettinger who has said Prime Minister Alexis Tsipras and team have five days to come up with a workable solution to avoid [...]
Greek finance minister Yanis Varoufakis pulls out of Question Time: apparently he has something else to do June 25, 2015 Greek finance minister Yanis Varoufakis is not normally known for being publicity shy, just ask the readers of Paris Match, for which he and his wife did a rather glamorous photoshoot. Read more: What Yanis Varoufakis can learn from a real game theory master – Nicola Sturgeon Tonight, though, Varoufakis has pulled out of a major media [...]
Against the Grain: What Yanis Varoufakis can learn from a real game theory master – Nicola Sturgeon June 23, 2015 The gracious Palladian architecture of Edinburgh has often led the city to be described as the Athens of the North. If the referendum result had gone the other way, much closer parallels would have rapidly emerged. A high spending left wing government, faced with a collapse in revenues due to the fall in the oil [...]
Greek finance minister Yanis Varoufakis denies reports of resignation May 31, 2015 Yanis Varoufakis dismissed reports he will soon resign as finance minister as Greece scrambles to avoid defaulting on its loan repayments. Varoufakis took to Twitter to slam reports of his impending resignation as "grossly premature" and sounded weary of having to clarify his position for what he called "the umpteenth time". The possibility of a [...]
Varoufakis eyes deal as official says Greece could resort to IOUs May 7, 2015 GREECE’S firebrand finance minister Yanis Varoufakis was yesterday adamant that the country would reach a deal with its creditors, while a European Central Bank (ECB) official warned that Greece could begin using a parallel currency. “I trust an agreement will be in the offing in the next few days, or weeks,” Varoufakis said yesterday, speaking [...]
Yanis Varoufakis gets official backing but Greek bailout deal proves elusive May 5, 2015 Greece's government yesterday said it backed finance minister Yanis Varoufakis and remained intent on securing extra bailout funding. However, comments from officials suggested talks with creditors may continue to stall ahead of two payments to the International Monetary Fund (IMF) – one tomorrow and another on 12 May totalling almost €1bn (£0.7bn). “The [...]
Bailout secured as masked men menace Yanis April 29, 2015 GREEK finance minister Yanis Varoufakis finally managed to secure a bailout this week – courtesy of his wife, Danae. The couple were dining in the Exarchia district – a neighbourhood popular with extreme leftists and anarchists – when a masked group stormed into the restaurant. As the group approached him in a threatening manner, his [...]
Greek finance minister Yanis Varoufakis attacked in Athens restaurant April 29, 2015 Poor Yanis Varoufakis. Not only has the Greek finance minister had to endure being sidelined by his boss – he's now been attacked by anarchists in an Athens restaurant last night, as he had dinner with his wife, according to reports. Varoufakis said he was eating in the Exarhia district of the Greek capital, an area popular [...]
Alexis Tsipras defends Yanis Varoufakis and says Greece will reach deal with creditors by end of next week April 28, 2015 Greece is on the verge of securing a bailout agreement with its EU creditors, according to the struggling nation's Prime Minister. During an interview on Greece's Star TV last night, Alexis Tsipras said the final and most important stage of talks had been reached, and that an interim deal is likely to be achieved by [...]
Yanis Varoufakis out, Euclid Tsakalotos in: Markets cheer Greek shake-up as maverick’s influence wanes April 27, 2015 Investors lifted markets across Europe yesterday as the Greek government decided to bulk up its bailout negotiation team and lessen the influence of maverick finance minister Yanis Varoufakis. The government will create a new political team headed by Oxford-educated alternate foreign minister Euclid Tsakalotos. Manchester University professor George Chouliarakis will also take a more central [...]