The English word paradox has its roots in Greek – and watching the attempts to reconcile the new Greek government’s wishes for less punishing debt repayment conditions with the remaining part of the European Union, you can see why.
Monday’s talks between Yanis Varoufakis, Greece’s newly minted finance minister, his euro zone counterparts and European Central Bank (ECB) President, Mario Draghi, have been met with optimism in the stock markets, despite little evidence of progress over their conflicting ideas about Greece’s future.
“I expect difficult negotiations, nevertheless I am full of confidence,” new Greek Prime Minister Alexis Tsipras told Germany’s Stern magazine over the weekend. He pledged that Greece would be a “completely different country” in six months if he was granted concessions.
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