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Eurozone ministers gather in Brussels for make-or-break talks with Greece | Business | The Guardian
Germany's finance minister, Wolfgang Schäuble, rejected a Greek compromise proposal. Hopes of a deal have since risen, however, as it was reported that the German chancellor, Angela Merkel, was taking a more conciliatory stance. Greece's 240bn bailout - orchestrated by the EU, the European Central Bank and the International Monetary Fund - expires next Friday. Without an imminent deal the country faces the real prospect of running out of cash in early March because it is effectively locked out of the international lending markets.
Germany's finance minister, Wolfgang Schäuble, rejected a Greek compromise proposal.
Hopes of a deal have since risen, however, as it was reported that the German chancellor, Angela Merkel, was taking a more conciliatory stance. Greece's 240bn bailout - orchestrated by the EU, the European Central Bank and the International Monetary Fund - expires next Friday. Without an imminent deal the country faces the real prospect of running out of cash in early March because it is effectively locked out of the international lending markets.
However, Merkel's game is more cunning than simple good cop bad cop: she made every appearance of being fully occupied with the Ukraine matter. *Lunatic*, n. One whose delusions are out of fashion.
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