[Marxism] 'Greece's debt stalemate:' Varoufakis meets Obama Thursday

Dayne Goodwin daynegoodwin at gmail.com
Tue Apr 14 14:43:32 MDT 2015

Varoufakis sets up date with Obama to break Greece's debt stalemate

Finance Minister will meet with President Barack Obama in Washington
on Thursday as EU officials warn a release of bail-out cash remains
far away
by Mehreen Khan
The Telegraph, London - April  14

Greece's finance minister Yanis Varoufakis is due to meet President
Barack Obama on Thursday, in a sign that Athens is willing to appeal
to the highest channels of international diplomacy to secure its
future in the eurozone.

Mr Obama has previously indicated his support for the Leftist
government calling for a fast and equitable solution to the country's
debt crisis.

"You cannot keep on squeezing countries that are in the midst of
depression," Mr Obama said in February following Syriza's election.

But in a sign of the growing stalmate between creditors and the
Leftist government, officials at the International Monetary Fund
voiced doubts about the viability of Greece's membership of the

According to reports in Greek media, Poul Thomsen, the IMF's Europe
director told his executive board that negotiations were "not working"
and he could not envisage a successful conclusion to the country's
current bail-out.
. . .

More information about the Marxism mailing list