Schäuble says Greek outcome now '50-50'

German finance minister warns against losing ‘remaining credibility’ of monetary union

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Wolfgang Schäuble at the emergency Eurogroup meeting this week. Photo: European Council

The outcome of the Greek negotiations rests on a knife edge, according to German finance minister Wolfgang Schäuble, who suggested "the outcome is 50-50" in Frankfurt today (June 26).

Speaking the day after Eurogroup negotiations broke down yet again, Schäuble suggested Greece could not swim against the tide for ever, noting "sometimes you have to accept [a] decision, even if you do not agree".

The Greek government and its creditors have exchanged numerous proposals and counter-proposals in the

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