A time waster, a gambler, an amateur. This is how the Greek Finance Minister, Yanis Varoufakis, would have been defined by some of his colleagues at the Eurogroup in Riga, due to the way he is carrying out negotiations with international creditors. This is what transpires from sources close to the meeting, reported by a reconstruction by Bloomberg.
Meanwhile, the month of April is also running out and there is still no agreement between Greece and the European institutions: we will have to wait for the meeting of European finance ministers on 11 May to unblock the situation. Yet time is running out, given that Athens has about 1 billion in repayments to the IMF on its agenda for the first half of May (the date marked in red is precisely the 12th of the month, which weighs in at about 750 million) and the cash in hand is scarce . Proof of this is the decision by Alexis Tsipras to requisition the liquidity of municipal and local entities to meet current needs: "We have a liquidity problem because Greece is financing the debt with its own resources and instead, according to existing agreements, it should be refinanced with aid,” said the finance minister, Yanis Varoufakis, which this morning seemed to have opened on early retirement and privatisation.
