Pressure bears down on Greece

Wolfgang Schaeuble has been getting a little hot under the collar lately. The German finance minister has been seen on numerous television shows insisting that Greece must stick to their austerity measures, and that Germany and other member states that are part of the Eurozone will not permit further extensions of deadlines or renegotiations of bailout deals.

Schaeuble comes under regular pressure at home from German citizens who believe they have paid too much over to ailing countries like Spain and Greece.

His Greek opposite number, Yannis Stournaras, is also under considerable scrutiny. He has to magic up 11 billion euros of spending cuts in the next two years, in a political environment where no minister in his fragile coalition will volunteer their department for the axe of austerity.

After consultation with the