The United States did not pressure Germany more heavily to give Greece debt relief because it needed Germany’s cooperation in higher-priority foreign policy matters, according to a former Greek finance minister. Yanis Varoufakis, the ex-cabinet official who became famous as the face of Greek defiance in the first half of 2015, said the United States, like the International Monetary Fund, believed Greece’s European creditors must provide the country with debt relief if it was ever to regain financial independence. High-ranking officials in Germany, which is Greece’s largest sovereign lender, remain reluctant to reduce the Mediterranean nation’s debts.But Varoufakis said the …read more
Source: The Huffington Post
