Merkel urges quick decision on Greece, rejects "haircut"

BERLIN Thu Nov 15, 2012 10:19pm IST

German Chancellor Angela Merkel looks over her shoulder as she welcomes French Prime Minister Jean-Marc Ayrault outside the Chancellery in Berlin November 15, 2012. REUTERS/Wolfgang Rattay

German Chancellor Angela Merkel looks over her shoulder as she welcomes French Prime Minister Jean-Marc Ayrault outside the Chancellery in Berlin November 15, 2012.

Credit: Reuters/Wolfgang Rattay

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)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Consumer Confidence Index

REUTERS SHOWCASE

Deal Talk

Deal Talk

Exclusive - Lupin, U.S. firms weigh bids for GSK's mature drugs: sources  Full Article 

Classifying Banks

Classifying Banks

RBI to start announcing too-big-to-fail banks in Aug 2015  Full Article 

Corruption Probe

Corruption Probe

India to probe corruption in healthcare after TV sting.  Full Article 

Food Scandal

Food Scandal

Starbucks, Burger King dragged in as China food scandal spreads.  Full Article 

Bigger iPhones

Bigger iPhones

Apple asks suppliers to produce up to 80 mln large-screen iPhones - WSJ.  Full Article 

Bali Trade Deal

Bali Trade Deal

India keeps world guessing in countdown to landmark trade pact deadline.  Full Article 

Bangalore Sex Abuse

Bangalore Sex Abuse

Modi's BJP puts political twist on local sex abuse case   Full Article 

Yahoo to buy Flurry

Yahoo to buy Flurry

Yahoo to buy analytics startup Flurry to bolster mobile ad business.  Full Article 

Wholesale Biz

Wholesale Biz

Wal-Mart adds $102.9 million in Indian wholesale business in June.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage