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Thursday, April 16, 2015

SCHAEUBLE: 'Nobody expects that there will be a solution' for Greece in April

More bad news for Greece. According to the Financial Times, German finance minister Wolfgang Schaeuble said on Wednesday evening that "nobody expects that there will be a solution" to Greece's bailout drama by the next Eurogroup meeting on April 24. That's not quite in keeping with what Greek finance minister Yanis Varoufakis said just a week ago, when he told Bloomberg he was "very confident" that Greece would seal the deal by the time Europe's finance ministers gather.  It's not looking very positive for the bailout. There's a constant drip of leaks coming from the European side of the bailout talks, which suggest that Greek proposals are not detailed enough and that there are far too many red lines — areas of reform that they refuse to pursue.  Greece managed its latest payment to the International Monetary Fund, but it's not clear it can make the next on May 12 without any bailout cash. Even it makes that, it's certain that it can't make all the payments through the summer without a boost.Join the conversation about this story » NOW WATCH: We got our hands on 'Kinder Surprise Eggs' — the global candy favorite that's still illegal in the US


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