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Angela Merkel

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  • After months of wrangling and acrimony, the growing possibility that Athens could be forced out of the single currency brought into sharp focus the chaos that could be unleashed in Greece as well as the danger that would arise for the stability of the euro. "What would happen if Greece came out of the euro? There would be a negative message that euro membership is...

  • But Greek government sources said the leftist premier stood by his rejection of the creditors' conditions and Greece would default on a crucial repayment due to the International Monetary Fund on Tuesday, plunging it deeper into financial crisis. EU and Greek government sources said Jean-Claude Juncker had offered to convene an emergency meeting of euro...

  • BERLIN, June 30- One of the leading figures in Chancellor Angela Merkel's conservative sister party, the Christian Social Union, pleaded on Tuesday for an "orderly" exit of Greece from the euro zone, saying it was the best option for all concerned. The comments from Markus Soeder, regional finance minister of the Bavarian CSU, underscore the depth of frustration...

  • ATHENS, June 30- European Commission President Jean-Claude Juncker made a last-minute offer to Athens in a bid to reach a bailout agreement before the deadline expires on Tuesday, European Union and Greek government sources said. Under the offer, Prime Minister Alexis Tsipras would have to send written acceptance by Tuesday, in time for an emergency meeting of...

  • ATHENS, June 29- Tens of thousands of Greeks rallied on Monday to back their leftwing government's rejection of a tough international bailout after a clash with foreign lenders pushed Greece close to financial chaos and forced a shutdown of its banking system. The show of defiance came at the end of a day that started with stunned Greeks waking up to face...

  • BERLIN, June 29- German Chancellor Angela Merkel played down prospects of a breakthrough with Greece in the coming days, but said she stood ready to restart talks with the government in Athens after a planned referendum on Sunday. Speaking on Monday after a meeting of German party and parliamentary leaders in the Chancellery, Merkel also criticised the...

  • ATHENS, June 29- Greeks struggled to adjust to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into crisis. Their imposition capped a dramatic weekend for Greece that has pushed the country towards a likely default on 1.6 billion...

  • BERLIN, June 29- Chancellor Angela Merkel's spokesman described Greece on Monday as a "special case" and said the German government's top priority was to ensure the strength of the euro zone.

  • BERLIN, June 29- German Chancellor Angela Merkel told a leadership meeting of her Christian Democrats on Monday that it was up to Greece to move in the reform standoff with its euro zone partners, according to participants.

  • *Athens stock market shut through July 6. ATHENS, June 29- Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into crisis. Greece has less than 48 hours to pay back 1.6 billion euros of International Monetary Fund loans,...

  • ATHENS, Greece— The latest news on Greece's financial woes as it closes its banks and limits money withdrawals:. Osborne said several thousand Britons who live in Greece but receive British pensions would continue to get their payments. He said British tourists who go to Greece should take more euros than usual.

  • Greece reels in shock as banks shut Monday, 29 Jun 2015 | 3:06 AM ET

    ATHENS, June 29- Greeks woke up to shuttered banks, closed cash machines and a climate of rumors and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors pushed the austerity-battered country to the brink. After receiving no extra emergency funding for Greek lenders from the European Central Bank, Prime Minister Alexis...

  • Tsipras defiant as banks shut, markets rocked Monday, 29 Jun 2015 | 1:21 AM ET

    ATHENS, Greece— Anxious pensioners swarmed closed bank branches Monday and long lines snaked outside ATMs as Greeks endured the first day of serious controls on their daily economic lives ahead of a July 5 referendum that could determine whether the country has to ditch the euro currency and return to the drachma. As strict capital controls took root...

  • Treasury spokesperson said Lew told Tsipras in a phone call that it was important for Athens to show a commitment to reforms and for all parties to discuss possible debt relief for Greece. After bailout talks between the Greek government and foreign lenders broke down over the weekend, the European Central Bank froze vital funding support to Greece's banks,...

  • *Greece forced to move after ECB freezes funding lifeline. ATHENS, June 28- Greece moved to check the growing strains on its crippled financial system on Sunday, closing its banks and imposing capital controls that brought the prospect of being forced out of the euro into plain sight. After bailout talks between the leftwing government and foreign lenders broke...

  • Whether it will ever be fair to blame Angela Merkel for "breaking" Greece is debatable. Unlike her finance minister, Wolfgang Schaeuble, who sent abundant signals in recent months that he could accept a euro zone that does not include Greece, Merkel has been determined to avoid such an outcome, according to her closest advisers. If Greece ends up leaving the euro...

  • ATHENS/ FRANKFURT, June 28- Greece will introduce capital controls and keep its banks closed on Monday after international creditors refused to extend the country's bailout and savers queued to withdraw cash, taking Athens' standoff to a dangerous new level. Greece's banks, kept afloat by emergency funding from the European Central Bank, are on the front line as...

  • BRUSSELS, June 28- EU chief executive Jean-Claude Juncker launched a last-ditch drive on Sunday to persuade Greece to agree a funding deal to save it from bankruptcy this week as Brussels insisted the "door is still open" for negotiations. Appealing over the heads of the leftist government direct to Greek voters, Juncker's European Commission published what it...

  • Greece's banks, kept afloat by emergency funding from the European Central Bank, are on the front line as Athens moves towards defaulting on a 1.6 billion euros payment due to the International Monetary Fund on Tuesday. Amid drama in Greece, where a clear majority of people want to remain inside the euro, the next few days present a major challenge to the integrity...

  • ATHENS/ FRANKFURT, June 28- Greece said it may impose capital controls and keep its banks shut on Monday after creditors refused to extend the country's bailout and savers queued to withdraw cash, taking Athens' standoff with the European Union and the International Monetary Fund to a dangerous new level. Greece's banks, kept afloat by emergency funding from the...