Schaeuble's Skepticism Hits Greek Markets
Germany's Minister of Finance Wolfgang Schauble speaks during a press conference as part of the G20 finance ministers and central bank governors meeting on Feb. 10, 2015 in Istanbul.
Photographer: Ozan Kose/AFP via Getty ImagesGreece’s bonds and stocks declined for the first time in three days as the nation’s euro-area creditors voiced doubt that a new financing agreement for the country was taking shape.
Greek three-year notes pared their biggest two-day advance since they were issued seven months ago. Debt talks between Prime Minister Alexis Tsipras’s government and international creditors resumed Monday at about 3 p.m. in Brussels, with the nation’s existing bailout due to expire on Feb. 28. German Finance Minister Wolfgang Schaeuble said Greek government officials haven’t shown enough willingness to soften their demands, in remarks to reporters before discussions began.