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Wednesday, February 11, 2015

Greece warned to expect no favours as bailout negotiations begin

Country’s finance minister met counterparts for crunch talks aimed at shifting terms of trade between Athens and eurozone Greece’s new leftwing government started its first serious negotiations with its eurozone creditors on Wednesday evening as fellow currency bloc members insisted that the country stick to its bailout agreement.Yanis Varoufakis, the new Greek finance minister, went into negotiations with the other finance ministers at a specially convened session in Brussels of the eurogroup, following 10 days of touring Europe in a failed attempt to woo Berlin and other key capitals to shift the terms of trade between Athens and the eurozone. Entering the meeting, he was uncharacteristically taciturn. Continue reading...


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