Monday, April 27, 2015

Greece Dumps Finance Minister Yanis Varoufakis From Negotiating Team

Greece has announced a reshuffling of  its bailout-negotiating team, reining in Finance Minister Yanis Varoufakis, after three months of talks with creditors failed to unlock aid and a meeting with his euro-area counterparts ended with finance ministers throughout the eurozone heaping abuse on Varoufakis .

The coordination of the day-to-day efforts to strike a deal with creditors was handed to Deputy Foreign Minister Euclid Tsakalotos, a Greek government official said in an e-mail to reporters..

Varoufakis will continue to supervise political negotiations with euro-area member states and the International Monetary Fund.

“This move squares the circle, because it doesn’t look like [Greek Prime Minister Alexis] Tsipras is surrendering by firing Varoufakis, but it to some extent has the same result,” said Michael Michaelides, a strategist at Royal Bank of Scotland Group Plc in London, reports Bloomberg.

Varoufakis is no true friend of free markets, but the banksters will not put up with even a tiny bit of  insolence from a servant.

No doubt a call was made to Tsipras to ditch Varoufakis.


1 comment:

  1. Still nobody worth routing for in this mess. The cry of "I hope both ya bums lose" loses its clever edge after awhile.