Greece’s talks with its euro zone neighbors over its debt burden and bailout program came to a climax in Germany Thursday as the two countries’ combative finance ministers met for the first time.
After a week of touring Europe’s financial capitals in an attempt to drum up support for a renegotiation of Greek bailout program — and a decision by the euro zone’s central bank to cut off cash to Greek banks — Finance Minister Yanis Varoufakis met German Finance Minister Wolfgang Schaeuble in Berlin Thursday.
Speaking at a press conference following their meeting, Schaeuble said that to summarize the talks they had “agreed to disagree” but that they both had a “moral duty as Europeans to understand each other and to find solutions.”
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.
Latest posts by marketpulsefxstaff (see all)
- Oil Remains Near Multi-Month Lows - 6 August 2015
- U.S. Dollar Higher on Recent Data - 6 August 2015
- Greece’s PM Tsipras: Loan Deal with Lenders Close - 6 August 2015