Merkel Leaves Doors Open for Greece
Notwithstanding the Merkel’s declaration that a last-minute deal to save Athens is ruled out, German Chancellor Angela Merkel is willing to keep the door of Europe open for talks with Greece beyond Tuesday midnight’s deadline for the current bailout program, Sputnik News reports.
"Tonight, exactly at 12:00 p.m. Central European Time [22:00 GMT], the program runs out. And I’m aware of no strong indications to the contrary. The door stays open."
Previously the eurozone finance ministers refused to extend the financial lifeline to Greece past June 30, after Greek Prime Minister Alexis Tsipras called a Sunday referendum on bailout terms set forth by the international creditors.
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- Greece Can be Competitive Once Makes Reforms: Schaeuble Greece can have a competitive economy once it makes reforms agreed with its euro zone creditors, German Finance Minister Wolfgang Schaeuble said on Monday.
- Greek Unemployment Rises to 23.4 Percent in August, Eurozone Highest Greece's unemployment rate has come down from record highs but remains more than double the euro zone's average of 10 percent in August.
- Eurogroup to Disburse 10.3 bln Euros to Greece The Eurogroup also recalled the medium-term primary surplus target for Greece at 3.5% of GDP as of 2018 and underlined the "importance of a fiscal trajectory consistent with the fiscal commitments under...
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