IT WAS 18 against one on February 16th, for the second time in less than a week. The Eurogroup of finance ministers presented Yanis Varoufakis (pictured right), their Greek colleague, with a draft statement that he rejected as “absurd” and “unacceptable.” The meeting, which had been billed as a last chance for Greece to reach a deal with its creditors before its current bail-out expires on February 28th, broke up acrimoniously. Later, the Greek government claimed that an earlier version of the statement, which it deemed acceptable in principle, had been replaced with a “radically different text” demanding that the bail-out be extended.
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