Former German finance minister Wolfgang Schaeuble, widely regarded as the architect of austerity in eurozone crisis countries, said in an interview in the Financial Times on Friday that Greece should have taken a 10-year timeout from the bloc.
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With the re-election of Nicos Anastasiades, many were puzzled with Harris Georgiades’ decision to insist that he not be reappointed finance minister. Having a clear path ahead of him and a brewing storm miles away, shouldn’t he be entitled to leaving while things were still good?...
It was to be expected that the president of the Republic would stand by the finance minister, emphasizing that he still has faith in him, following the finding of the co-op investigative committee...
The chances that the 1-billion-euro tranche will be disbursed to Greece are diminishing, as this Monday’s Eurogroup is not expected to grant its approval, given that the Greek government has not completed all the necessary reforms, according to a eurozone official who spoke to reporters on Thursday....
