Friday, February 13, 2015

Final showdown approaches for EU and Greece

by Peter Spiegel

Financial Times

February 13, 2015

After two weeks of public sniping and closed-door debating, it comes down to this: on Monday, eurozone finance ministers gather in Brussels for a final showdown with Athens over whether to extend, or end, Greece’s €172bn bailout.

Technical teams from Athens and its international creditors — the European Commission, European Central Bank and International Monetary Fund — are due to spend the weekend laying out the differences between the current bailout and the alternatives demanded by Greece.

But the job of narrowing these differences falls to Yanis Varoufakis, the Greek finance minister, and his 18 counterparts.

So how might Monday’s showdown end?


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