Greece’s Prime Minister said his country is close to reaching a deal with bailout creditors, prompting European stock markets to jump on hopes of a breakthrough in slow-moving, often acrimonious talks.
German Finance Minister Wolfgang Schaeuble, whose country has put up loans to save Greece, said the economic crisis is not Germany’s fault.
Fearful of a default and Eurozone exit, Greek bank customers withdrew 300 million euros May 26 as a quiet run on the institutions is underway.
Awash with waves of illegal immigrants, Greece is awaiting details of a European Union plan to deal with the non-stop influx also hitting Italy.
It’s Greece’s fault there’s no settlement for the name of his country, Former Yugoslav Republic of Macedonia Prime Minister Nikola Gruevski said.
He had supposedly been sidelined, but Greek Finance Minister Yanis Varoufakis has returned to a prominent role in stalled talks with international lenders and now is an obstacle again, European Commission President Jean-Claude Juncker said.
Greece’s strategy of playing for time with international lenders and refusing to impose reforms could be very costly indeed.
Greece is out of cash to repay debts as soon as June 5 unless a deal is struck with international lenders to stave off bankruptcy and default.
Greece is proposing to legalize tax cheats undeclared money for a fee to raise money as the country tries to reach a deal with creditors.
Government spokesman Gabriel Sakellaridis said SYRIZA isn’t planning a Cabinet reshuffle after dissidents pushed for a tougher line with creditors.