Fears have been growing that major economies could get into a bidding war, depressing currencies to boost exports. But the G20 meeting has promised to avoid that.
Greek Prime Minister Alexis Tsipras' government has gone into overdrive in hopes of resolving Greece's debt crisis on its own terms. German Finance Minister Schäuble said they were "insulting" their Eurogroup colleagues.
Greek Finance Minister Yanis Varoufakis has achieved virtually nothing in his visit to Berlin and other European capitals. And now the press is even making fun of his sense of style.
Germany's rejection of Greece's request for more funds has tempered optimism that a deal could be amicably reached before a looming Friday deadline. It only took two hours for Berlin to rebuff Athens' proposal.
'Wait and see' is the EU finance ministers' motto following the change of government in Greece. Debt cut? Not an option, says German Finance Minister Wolfgang Schäuble. DW’s Bernd Riegert reports from Brussels.
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