Discord Inside Troika As IMF, France, Italy And Spain Question Germany

There are three things German finance officials apparently can’t stand: their servant staff taking time off for a planned family vacation during crisis, having their authority questioned by the press, and providing Greece anything close to the same debt reduction deal that Germany received in 1953.

All this comes as Greece is on the clock and has 48 hours to resolve issues with its creditors before civil unrest breaks out in the country, Colin Lancaster, a London-based managing director at Balyasny Asset Management recently said. But is such a timetable even realistic as sources from inside the talks address a growing rift and disarray within the Troika? In the background, good news can be heard on the derivatives...