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Welcome, 77 artists, 40 different points of Attica welcomes you by singing Erotokritos an epic romance written at 1713 by Vitsentzos Kornaros

Friday, March 13, 2015

German FinMin Not Ruling Out Grexit Anymore

Germany's Finance Minister Wolfgang Schäuble has made clear he considers a Greek exit from the Eurozone (a so-called Grexit) possible, amid a harsh verbal clash with Greek politicians. "As the responsibility, the possibility to decide what happens, lies only in [the hands of] Greece, and as we do not know what those responsible in Greece are doing, we cannot rule it out," Schäuble said on Thursday evening, while on a visit to Austria to meet counterpart Hans Jörg. Athens is currently in talks on receiving additional assistance from the European Central Bank in return for more reforms. Schäuble reiterated the country could count on new strings of cash only if it sticks to its commitments to international creditors."Europe stands ready to help Greece, but Greece must also allow help. The problem cannot be solved by making others scapegoats," German daily Frankfurter Allegemeine Zeitung quoted him as saying.Schäuble's comments follow renewal of tensions between him and his Greek counterpart Yanis Varoufakis. Amid days of technical talks held among Eurozone finance ministers on the extension of Greece's bailout program, the German politician reportedly called Varoufakis "foolishly naïve," and Athens lodged a complaint. However, German media outlets suggest the scandal might be a result of bad translation. Earlier this week, Greek PM Alexis Tsipras also declared his country would seek again German reparations for World War Two, a demand which added to tensions.


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