Greek Finance Minister Yanis Varoufakis did himself in with his abrasive style with his Eurozone peers during negotiations.
Greece reshuffled its bailout negotiating team on April 27 following fierce criticism of its Finance Minister, meeting with market applause.
An opinion poll shows a majority of Greeks are dissatisfied with the new government’s performance, and half want it to compromise with its European creditors.
Despite being pressed by international lenders, Greece’s new coalition government has refused to again cut already-depleted pensions.
Greece is scrambling to pay salaries and pensions as its stand-off remains with international lenders who won’t budge until reforms are imposed.
With cash dwindling and time running out for a deal, Greece and its international lenders are blaming each other for failures.
Foreign Minister Nikos Kotzias says international lenders are trying to make an example of Greece because it has a leftist government.
After first refusing, Mayors across Greece have agreed to turn over all their municipalities cash to the government so that it can pay salaries and pensioners and meet obligations as talks with international lenders remain stalled.
Greek Finance Minister Yanis Varoufakis writes that Greece won’t go under but he’s in a small minority of those who believe it,
Greece said insistence on reversing austerity is genuine even while Finance Minister Yanis Varoufakis said concessions are being offered international lenders.