Greece deal: Varoufakis out in the cold – Blueprint Capital

FXStreet (Barcelona) - The Blueprint Capital FX Team gives the update on the key developments between Greece and the country’s creditors surrounding the bailout deal.

Key Quotes

“Officials apparently want to bypass the Greek finance minister in the hope of galvanising bailout talks after a fraught meeting in Riga this weekend. Mr Varoufakis, who seems increasingly unpopular, was singled out by his Eurozone colleagues and many are now hoping to broker a deal on reforms by dealing directly with prime minister Alexis Tsipras.”

“Perhaps as a result of this, communications have now opened directly between German Chancellor Angela Merkal and the Greek Prime Minister in order to bring about a solution.”