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Challenging the red lines of Greece

Yanis Varoufakis has said that he does not intend to back down from his rather high “red lines”. European leaders, and especially German finance minister Wolfgang Schäuble, are currently exploring just how true that is.

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Yanis Varoufakis with his Dutch counterpart Jeroen Dijsselbloem. Demotix/Angeliki Panagiotou. All rights reserved.

Yanis Varoufakis, Greek finance minister, is the front-runner in the Greek negotiation with the European institutions to alleviate Greek debt and loosen austerity measures. He is clever and seems eager to answer all questions and concerns. At the same time, he is quite defensive and reluctant to retreat from any of his positions.

In his NY Times opinion article on the February 16, Yanis Varoufakis explicitly said that he does not intend to back down from his rather high “red lines”. European leaders, and especially German finance minister Wolfgang Schäuble, are currently exploring just how true that is.