‘Europe must cut its lossses with a program that is not working,’ declares Syriza’s finance minister Yanis Varoufakis
Without any apparent progress, talks in Brussels between the Syriza-led government of Greece and finance ministers of the Eurogroup collapsed on Monday just hours after negotiations began.
An official with the Greek delegation first told Reuters that talks were called off after finance minister Yanis Varoufakis rejected a proposal put forth by the Eurogroup ministers which essentially called for an extension of the current bailout scheme with no alterations to the terms.
“Some people’s insistence on the Greek government implementing the bailout is unreasonable and cannot be accepted,” the Greek official reportedly said. “Those who keep returning to this issue are wasting their time. Under such circumstances, there cannot be a deal today.” Continue reading