Greece rejects austerity in tense meeting with eurozone's bailout chief
- 9 years ago
The new leftwing Greek government and the man overseeing its bailout operation – the eurozone’s finance chief Jeroen Dijsselbloem – met for the first time in Athens on Friday, and it was a difficult encounter.
Having paid his respects to Prime Minister Alexis Tsipras, Dijsselbloem entered the lion’s den – the Finance Ministry to confront his nemesis.
There, during a one hour meeting, the Greek Finance Minister Yanis Varoufakis told the Eurogroup President in no uncertain terms the country is done cooperating with its bailout lenders, the so-called troika of the International Monetary Fund, the European Commission and the European Central Bank.
Afterwards at a tense news conference Dijsselbloem tried reasoning:
He said: “It is of the utmost importance that Greece remains on a path of recovery. This requires commitments to reform process and to fiscal sustainability. Taking unilateral steps or ignoring previous arrangements is not the way forward.”
Varoufakis was having n
Having paid his respects to Prime Minister Alexis Tsipras, Dijsselbloem entered the lion’s den – the Finance Ministry to confront his nemesis.
There, during a one hour meeting, the Greek Finance Minister Yanis Varoufakis told the Eurogroup President in no uncertain terms the country is done cooperating with its bailout lenders, the so-called troika of the International Monetary Fund, the European Commission and the European Central Bank.
Afterwards at a tense news conference Dijsselbloem tried reasoning:
He said: “It is of the utmost importance that Greece remains on a path of recovery. This requires commitments to reform process and to fiscal sustainability. Taking unilateral steps or ignoring previous arrangements is not the way forward.”
Varoufakis was having n