Wednesday, February 4, 2015

Greece’s new government braces for collision with Germany

Financial Times
February 4, 2015

A new Greek government emboldened by a popular mandate to discard the country’s hated bailout will come face to face on Thursday with an intransigent German finance minister determined to make Athens pay its debts.

The meeting between Yanis Varoufakis, the Greek finance minister, and Wolfgang Schäuble, his German counterpart, marks the climax of a European roadshow in which Greece’s leftwing government has sought to win support for its plans to alleviate the country’s debt burden.

Greece’s prime minister, Alexis Tsipras, found a receptive audience during meetings on Wednesday with the heads of the European Commission and European Council in Brussels, and then a visit to Paris to see French president François Hollande.

“We don’t have an agreement already, but we are [heading] in a good direction to find a viable agreement,” Mr Tsipras said after the Brussels meetings.


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