Greek FinMin Calls End to Blame Game

Greek finance minister Yanis Varoufakis has called for an end to the “toxic blame game” between Greece and Germany.
He made the call as Greece prepares to finalise its list of economic reforms to present to its international creditors.
The reforms are needed to unlock a new tranche of bailout cash for Greece, which could run out of money in weeks.
Mr Varoufakis said that finger-pointing between Germany and Greece would only aid Europe’s enemies.
Athens and Berlin have been engaged in a bitter war of words as the Greek government seeks to renegotiate the terms of its bailout.
German finance minister Wolfgang Schaeuble has publicly expressed his anger, claiming last week that Greece “has destroyed all trust”. He also acknowledged that Greece could “accidentally leave the eurozone”.
Writing in the German business newspaper Handelsblatt, Mr Varoufakis said that tensions between the two countries “must stop”, adding: “Only then can Greece, with support of its partners, focus on implementing effective reforms and growth-orientated policy strategies.”
Greece submitted preliminary plans to the European Union, International Monetary Fund and the European Central Bank on Friday night that it says will raise some €3bn (£2.2bn) in state revenues.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza