Athens will not present a new reform list at the meeting with the euro finance ministers on Thursday, Greek Finance Minister announced after inconclusive talks with EU Commission President Juncker and the IMF. The negotiations are proving so tough because the IMF and the Eurozone are pursuing different goals, commentators point out, and warn against underestimating the consequences of a Grexit.
EU Commission President Jean-Claude Juncker on Sunday broke off a mediation attempt in the debt conflict with Greece owing to major differences. While preventing a Grexit is imperative, the creditors must make no further concessions to Athens, some commentators argue. Others believe a Grexit would strengthen Europe.
Greece and its creditors are locked in a stalemate after loan talks collapsed over the weekend, bringing Athens just two weeks away from a catastrophic default on its debt. On Thursday (18 June), when the Eurogroup will for the last time try to find a solution, Greek Prime Minister Alexis Tsipras will be on a visit to Russia.
The inside story of ERT – the Greek public broadcaster shut down by the former government, which kept broadcasting in a show of defiance, and was finally re-launched by Syriza last week.