Why did Varoufakis go? The official reason, on his blog, was pressure from creditors. But there are a whole host of other reasons that made it easier for him to decide to yield to it.
Ahead of a crucial meeting on the Greece debt crisis on Monday, Paul Mason presents a special long-read, offering five pictures of the country.
For the second time in 24 hours, Greek negotiators at the EU summit in Brussels, believe that Germany has stymied an agreement over extending their stricken country’s debt facility.
Citing finance ministry sources, the website Left.gr have put detail into what they believe the Greek finance minister Yanis Varoufakis has proposed to the Eurogroup:
Though the Greek PM is still talking tough, a Greek exit from the Eurozone is looking ever more possible. But a planned demonstration of public emotion could yet have the most impact of all.
Mark Carney diplomatically warns Scotland that independence could come at a heavy price – like the ones paid by Ireland, Iceland, Cyprus and Spain.
Channel 4 News Economics Editor Faisal Islam blogs on the Euro crisis 2012 versus Euro 2012.
This seems a game of the Greek left versus the Bundesbank, for the soul of the eurozone.
Greece is being cauterised. The EU, ECB, and others have prepared the ground for Greece to be detached from the eurozone. Greece now has a horrible choice to make, says Channel 4 News economics editor Faisal Islam.
Are banks treating euros differently, depending on which country they come from? Faisal Islam blogs from Davos.
If rumours of a potential downgrade of France’s AAA credit rating are true, it is of huge significance to the eurozone’s fitful efforts at a long-lasting rescue, writes Economics Editor Faisal Islam.
The entente is anything but cordiale as the Banque de France lays into the UK over its economic record.
As the Bank of England Governor warns UK banks to build up their reserves the eurozone catastrophe talk is ratcheting up in the countdown to the European Council next Friday. Economics Editor Faisal Islam reports.
When David Cameron travels to Berlin to meet Chancellor Merkel, top of the agenda will be coaxing the European Central Bank in Frankfurt to act as last resort lender to the Eurozone’s troubled nations reports Economics Editor Faisal Islam.
Matt Frei
The French German liaison is still the key stone of Europe. To say otherwise is to be politically incorrect. And Germany still feels more comfortable leading from behind the French reports Matt Frei in Berlin.