CNBC provided an extensive report on the entire spectrum of Greek debt discussions in Europe and abroad, adding characteristically that Europeans must “wake up”.

TA report entitled “Greek debt drama is ‘theater,’ but stakes are high”, mentions Thursday’s meeting between German FinMin Wolfgang Schaeuble and his visiting Greek counterpart Yanis Varoufakis. One CNBC observation said the talks were a “mediocre success.”

Below is part of the report:

 

The ongoing drama surrounding Greece’s efforts to drum up support for a new debt deal is just “theater,” according to one analyst, who warned that Europe needs to wake up.

Greek Finance Minister Yanis Varoufakis met his German counterpart Wolfgang Scheuble in Berlin on Thursday, after a week of travelling across Europe to try and bolster support for a new debt deal and bailout conditions. The talks were a mixed success, however, with Scheuble saying that the ministers had “agreed to disagree,” but Varoufakis denying that this was the case.

Satyajit Das, author of “Traders, Guns & Money: Knowns and Unknowns in the Dazzling World of Derivatives,” told CNBC Friday that the talks were symptomatic of a “make-believe world.”

 

“Everyone wants to live in fairyland and none of us want to go back to real economies,” he said. “This is nice theater, but it’s not going to solve anything.”

With no apparent progress over a debt deal for Greece, despite a week of high profile meetings between Varoufakis and Greek Prime Minister Alexis Tsipras and their fellow euro zone ministers, there is growing speculation over the eventual outcome.

Read more at CNBC.com