Varoufakis gets it wrong again.



I see no ambition whatsoever in France and Italy to but heads with Angela, especially with the acute migrant problem that currently is impacting budgets across the Euro-zone.



I live in France, so I cannot say much about Italy. But Renzi has sneaked through one of the most important measures to get Italy on the straight and narrow. Renzi won a crucial vote that, if repeated by Italian voters in a referendum, would disallow Senators the vote and its power to stymie budget legislation. Which has traditionally hobbled Italy’s ability for much needed reform.



So I doubt that Renzi is in a fighting mood over either migrants or Europe-financing. Which it will still need to see its way through tomorrow with its snail’s pace economic growth at present.



Ditto France, which cannot get the growth-engine started either.



Nope, any hope of going against Germany's supposed hegemony over EU budget-funding is simply a non-starter.



Greece has achieved an important result in its effort to redress itself financially. Its budget expenditure as a percent of GDP is now at 49.3% down from 60.1% in 2014. The EU average is 49% of GDP, so bravo to Greece! That was a primary condition placed by the EU upon Greece for future loans.



Now, all Greece need do is find a way to enhance export revenues by tapping into petroleum/gas resources just off its shores.



Yani should stop blaming “everybody else” for Greece’s present economic nightmare ...



