Greece pleads with Berlin for time and money to re-write debt deal


Greece’s finance minister pleaded for his country to be given time and money to negotiate a new debt deal with its creditors, after the European Central Bank sought to pull the carpet from under the feet of the country’s stricken banks.

Following an uneasy two-hour showdown with his German counterpart in Berlin, Yanis Varoufakis admitted he had failed to “agree to disagree” with Wolfgang Schauble over his government’s demands to re-write its €240bn bailout agreement.

The meeting was the last leg of Syriza’s tour of Europe’s capitals, where Prime Minister Alexis Tsipras and his number two hoped to drum up support for an alleviation of the bailout terms imposed by the Troika.

Yanis Varoufakis sought to appeal to the hearts of ordinary Germans, even evoking the spectre of Nazism in his country in a bid to end the “gross indiginity” his country had suffered since the financial crisis.

“The German nation is the one nation that can understand us best” said Mr Varoufakis, comparing Greece’s “ritual humiliation” with the debt deflationary policies that helped bring Hitler to power in the 1930s.

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