EU finance ministers’ meeting cancelled

Hopes of a quick fix for Greece were dashed last night as a eurogroup finance ministers’ meeting due to be held today was cancelled.

The announcement by the president of the eurogroup, Luxembourg prime minister Jean- Claude Juncker came just hours after Economics Commissioner Olli Rehn said it was essential the meeting was held to finalise the bailout package.

Mr Juncker’s finance minister, Luc Frieden, became the second finance minister in two days to talk about Greece leaving the euro. Germany’s Wolfgang Schäuble said if all failed, they were better prepared for a country exiting the eurozone than two years ago.