VIDEO – Financial Times: Varoufakis ‘outplayed’ by Draghi
Greece’s Yanis Varoufakis seems to have been outplayed by the acknowledged master of financial bluff, the European Central Bank’s Mario Draghi, says an article in Financial Times.
Worse still for Athens, Germany on Thursday put up a wall of Teutonic intransigence, with its finance minister and Mr Varoufakis failing even to agree on whether they disagreed or not.
Greece is not yet in checkmate, but its defence looks weak, the aerticle says. The game for investors is in working out whether the Greeks or Germans might sacrifice position and accept a draw, or upend the board and threaten financial chaos.