Thursday, February 5, 2015

Germany and Greece Finance Ministers Agree to Disagree

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.”

CNBC

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