Merkel urges quick decision on Greece, rejects "haircut"
BERLIN (Reuters) - German Chancellor Angela Merkel urged European finance ministers to come up with a quick solution for Greece's strained finances but rejected the idea that governments might accept losses on loans already given to Athens.
"I hope that the time is near when we can reach the solution that is needed," Merkel said when asked about Greece at a joint news conference with French Prime Minister Jean-Marc Ayrault.
"Of course we did not talk about debt haircuts, you know our view and that has not changed, nor should it," she said.
Ayrault added: "The moment of decision regarding Greece is approaching and, like Germany, France hopes this decision comes as quickly as possible.
"The important thing is to do everything to keep Greece in the euro zone, there is a consensus on this essential point. If there were any doubt or hesitation we could bear a very heavy responsibility," he added. (Reporting by Stephen Brown and Andreas Rinke; Writing by Noah Barkin, Editing by Gareth Jones)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Japan and India vow to boost defence ties during summit
- Ukraine accuses Russia of "undisguised aggression" as rebels advance
- Government urges court to leave some coal blocks with companies
- NATO to create new "spearhead" force to respond to crises
The Nifty surged past the psychologically important 8,000 level for the first time on Monday as blue-chips such as ICICI Bank gained after better-than-expected quarterly economic growth data. Full Article
Government urges Supreme Court to not cancel some 'illegal' coal mines Full Article