Greece says deal will be 'difficult' at Eurogroup meeting

May 11th, 2015  
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Topic: Greece says deal will be 'difficult' at Eurogroup meeting

Finance Minister Yanis Varoufakis acknowledged that a deal to ease Greece's cash crunch was not likely at a meeting of euro zone finance ministers later on Monday despite progress in talks with lenders on some issues. Greece is under growing pressure to reach agreement with lenders to avoid financial chaos though many Greeks also want the government to stick to its "red lines" of avoiding further pension cuts and labor reforms making it easier to fire workers. A 750 million euro debt repayment to the IMF falls due on Tuesday but Varoufakis said a deal that would provide some liquidity relief for Greece was more likely in the coming days. "The Greek government is struggling in a very tough negotiating fight to achieve an agreement that will not only be an agreement to have a disbursement (of aid) but one that will deliver a substantive hit to the crisis," he said.

May 12th, 2015  
Merkel is becoming very weary of Greece which has become a bottomless pit .

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