Pages

Monday, May 11, 2015

Schäuble's subplot – a Grexit, it seems, no longer worries Germany

Berlin is no longer worried if Greece has a referendum on bailout terms and possibly exits the euro - Germany just wants some closureThe late news from the make-or-break talks in Brussels was no news at all, really. There were a few encouraging words for the progress Greece is making on its reform plans. Athens also ordered a €750m (£535m) repayment to the International Monetary Fund. But an agreement on releasing €7.2bn of bailout funds? No.There was, though, one intriguing sub-plot. Germany, in the form of finance minister Wolfgang Schäuble, suddenly seems taken by the idea of Greece holding a referendum. Continue reading...


READ THE ORIGINAL POST AT www.theguardian.com