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Yanis Varoufakis urges Obama to squeeze Europe over debt stalemate
President Obama reported to have told the finance minister both sides need to show flexibility to solve bail-out drama. Greece's finance minister has ramped up the political stakes in his country's debt drama, by personally telling President Barack Obama to push eurozone creditors over his country's bail-out crisis. In an 12-minute exchange with the President on the sidelines of an event marking Greek Independence day, Mr Varoufakis is reported to have repeated his desire for the US leader to influence events. Mr Obama is reported to have responded by urging flexibility from both parties. • Grexit dangers mount as ... (full story)
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