Economics

Germany Finds Little in Common With Greece Before Meeting

Greece Needs Help and Europe Doesn’t Need Greece

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By Nikos Chrysoloras and Rainer Buergin

February 10, 2015 at 5:36 PM UTC

Updated on

February 11, 2015 at 12:18 PM UTC

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Germany and Greece are heading into an emergency meeting with official creditors today with conflicting positions, setting the stage for a clash.

German Finance Minister Wolfgang Schaeuble rejected Greece’s call for a new debt accord, while Greece’s new Prime Minister Alexis Tsipras remained defiant, saying there is “no way back” for his government, and that he can’t condemn his people to more pain.