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Belgium: Greek FM Varoufakis arrives for Eurogroup negotiations01:19

Belgium: Greek FM Varoufakis arrives for Eurogroup negotiations

Belgium, Brussels
February 17, 2015 at 20:52 GMT +00:00 · Published

Greek Finance Minister Yanis Varoufakis stated that Europe must find a solution that works for all in the continent, adding that an 'honourable solution can be found from initial disagreement,' as he arrived for negotiations with European finance ministers in Brussels on Tuesday.

Varoufakis told press that 'investment is the main game in Europe' and would defeat the deflationary forces which are blowing ill winds everywhere in the continent. He added that the European Central Bank (ECB) was 'the pillar of monetary stability' and that the European Investment Bank (EIB) was 'an excellent pillar for growth' and capable of helping with European finical recovery.

Greece rejected the €172 billion ($195 billion) bailout offered on Monday as "absurd" and "unacceptable." Writing in the New York Times on Monday, Varoufakis assured that he was not bluffing and is honestly engaging with Europe so that they can change the policy of what he labels 'extend and pretend.' Negotiations are at a crucial stage as the deadline for a new deal is on February 28.

Belgium: Greek FM Varoufakis arrives for Eurogroup negotiations01:19
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Greek Finance Minister Yanis Varoufakis stated that Europe must find a solution that works for all in the continent, adding that an 'honourable solution can be found from initial disagreement,' as he arrived for negotiations with European finance ministers in Brussels on Tuesday.

Varoufakis told press that 'investment is the main game in Europe' and would defeat the deflationary forces which are blowing ill winds everywhere in the continent. He added that the European Central Bank (ECB) was 'the pillar of monetary stability' and that the European Investment Bank (EIB) was 'an excellent pillar for growth' and capable of helping with European finical recovery.

Greece rejected the €172 billion ($195 billion) bailout offered on Monday as "absurd" and "unacceptable." Writing in the New York Times on Monday, Varoufakis assured that he was not bluffing and is honestly engaging with Europe so that they can change the policy of what he labels 'extend and pretend.' Negotiations are at a crucial stage as the deadline for a new deal is on February 28.