Tsipras: can’t understand lenders’ insistence on tough measuresVaroufakis: Athens won’t sign ‘unviable’ agreementSchäuble: Greece well aware of benefits of being in euroGreek bank deposits hit 11-year low in May 12.18pm BST Turning to Brexit: Schäuble also wants the UK to stay in the European Union. 12.17pm BST German finance minister Wolfgang Schäuble is speaking now. It’s the usual hard talk. According to Reuters, he said the Greek economy cannot grow without sustainable public finances and if we kick the can down the road, the situation will just get worse. He criticised the Greek proposals for simply increasing taxes, without spending cuts. Greece is well aware of the benefits of staying in the euro, he said, and warned that if markets lose confidence in policymakers, the euro will fall apart. Continue reading...
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