U-turn by finance minister


There was confusion in the Greek parliament yesterday as claims by Yannis Stournaras, the finance minister, were apparently refuted by European Central Bank President Mario Draghi.

Stournaras was forced to drop his claims that a deal was ready and that a 2-year extension had been agreed. Mario Draghi reported that progress had been made, but the review of austerity measures was still in progress and no agreement had been reached. The German finance minister, Wolfgang Schäuble, has told reporters that no deal will be possible until the troika of the European Central Bank, International Monetary Fund and the European Union concludes its report.

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