Yanis Varoufakis

'What I Want from Germany Is Leadership'

Varoufakis Berlin DPA
Yanis Varoufakis, Greece's finance minister, in Berlin.
  • Why it matters

    Why it matters

    Time is running out for reaching a deal, with Athens and its creditors still unable to bridge their differences over how to keep Greece in the euro zone.

  • Facts


    • Greece and its lenders have still not reached a deal to unlock its €7.2 billion in remaining bailout funds.
    • Greece is due to make a payment of €1.6 billion to the IMF by the end of June.
    • Finance Minister Yanis Varoufakis says that his country is making all the concessions in the talks with lenders.
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It’s reaching the endgame for Greece and its hopes of staying in the euro zone.

On a visit to Berlin on Monday, the country’s finance minister, Yanis Varoufakis, warned that the E.U. leaders had a “historic duty” not to allow Greece’s debt talks to strand, saying that would mark a failure of Europe’s political class.

Greece is trying to unlock €7.2 billion, or $8 billion, from its existing bailout fund, in order to be able to repay €1.6 billion to the International Monetary Fund by the end of the month.

Since 2010 the country has been given €240 billion in loans by its trio of lenders, the IMF, the European Central Bank and the European Union.

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