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Angela Merkel

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  • *Schaeuble says situation in Greece much worse since Tsipras. A day after Greece became the first advanced country to default to the International Monetary Fund, frustration in Berlin bubbled over, with politicians openly questioning whether they could negotiate in good faith with Tsipras if he survives a Greek referendum he has called for Sunday.

  • Two letters from Prime Minister Alexis Tsipras to creditors on Tuesday came too late to secure an extension to the previous bailout which expired at midnight, just as Greece defaulted on a 1.6 billion-euro debt repayment to the IMF. -Eurogroup, which next meets by conference call at 1530, could agree that Greece is in need of financial assistance- not a major...

  • On the other sat President Francois Hollande of France; around were a handful of officials. In this modest Brussels setting last Friday morning, key players in the great Greek debt drama tried to avert a meltdown that could threaten the future of the euro and even the European Union. Merkel and Hollande made a final offer of billions of euros in aid for bankrupt...

  • On the other sat President Francois Hollande of France; around were a handful of officials. In this modest Brussels setting last Friday morning, key players in the great Greek debt drama tried to avert a meltdown that could threaten the future of the euro and even the European Union. Merkel and Hollande made a final offer of billions of euros in aid for bankrupt...

  • *Skepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Prime Minister Alexis Tsipras has told international creditors Greece could accept their bailout offer if some conditions were changed, but Germany said it could not negotiate while Greece was headed for a referendum on the aid-for-reforms deal. With queues forming at many cash...

  • BERLIN, July 1- There are no differences of opinion on Greece between German Chancellor Angela Merkel and her finance minister, Wolfgang Schaeuble, a government spokesman said on Wednesday. "Between the chancellor and the finance minister there is no difference in views on Greece," spokesman Steffen Seibert told reporters. He was responding to a question about a...

  • Greece accounts for less than half a percent of German exports. FRANKFURT, July 1- German industry is beginning to call for Greece to quit the euro zone, having already pared back what business it had there, and now fearing that a continuation of the crisis could spoil a nascent recovery in the rest of Europe. The glimmer of a divergent view by a group that generally...

  • *Scepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Greek Prime Minister Alexis Tsipras has written to international creditors saying Greece could accept their last bailout offer if some conditions were changed, but Germany expressed scepticism while saying the door was still open for negotiations. German Chancellor Angela...

  • *Berlin plays down suggestion of policy rift with Paris. PARIS, July 1- France will keep pushing for a deal between Athens and its creditors ahead of Sunday's referendum, Finance Minister Michel Sapin said on Wednesday, hours before euro zone finance ministers were due to hold a new crisis conference call. Last-minute overtures by Greece to international...

  • LONDON, July 1- The euro dipped again on Wednesday after Greece became the first advanced economy to default on an IMF loan and a raft of economic data may distract investors only briefly from last-ditch efforts to keep the country in the single currency. Strategists at a number of international banks have said the euro will fall sharply if it finally becomes...

  • ATHENS, Greece— The latest news on Greece's financial woes:. A huge banner that urged Greek voters to reject a bailout deal from the country's creditors at Sunday's referendum has been taken down from the front of the Finance Ministry. German Chancellor Angela Merkel is sticking to her position that there can be no negotiations on a new aid package before Greece...

  • *Skepticism in euro zone about lending more to Greece. ATHENS/ BRUSSELS, July 1- Greece was appealing to its euro zone partners and the European Central Bank on Wednesday to keep it afloat after defaulting on its debt to the International Monetary Fund and losing frozen international bailout money. In Germany, Greece's biggest creditor, a senior lawmaker in...

  • *Greece misses 1.6 billion euro IMF loan repayment. *Eurogroup head urges Greece to change stance with creditors. *Fitch ratings agency cuts Greece to CC.

  • ATHENS, Greece— Eurozone finance ministers were set to weigh Greece's latest proposal for aid Wednesday, hours after the country's international bailout expired without a deal, cutting it off from vital financing and deepening fears over whether it will be able to remain in the eurozone. With its failure to repay the roughly 1.6 billion euros to the...

  • SYDNEY/ TOKYO, July 1- The euro slipped in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund. It has been choppy between $1.0955 and $1.1279 this week in reaction to ever-changing developments in Greece. The International Monetary Fund on Tuesday...

  • *Greece misses 1.6 billion euro IMF loan repayment. *Eurogroup head urges Greece to change stance with creditors. *Fitch ratings agency cuts Greece to CC.

  • SYDNEY, July 1- The euro got off to a cautious start in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund. It has been choppy between $1.0955 and $1.1279 this week in reaction to ever-changing developments in Greece. The International Monetary Fund...

  • But within a year from a sharp devaluation in early 2002 the country returned to economic growth- something that Greece must now crave, with its economy shrinking by more than 25 percent since 2009.. On Tuesday, German Chancellor Angela Merkel ruled out new negotiations with Greece until after it votes on a bailout proposal by creditors. That left Athens...

  • NEW YORK, June 30- Stocks ended slightly higher on Wall Street in volatile trade on Tuesday and a global equities gauge was flat, while the euro fell as Greece grappled with a looming deadline on a debt payment to the IMF. Markets held on to some chance of resolution even as German Chancellor Angela Merkel played down any hopes of a last-minute deal with Greece and...

  • *Conflicting reports on Greece debt deal before referendum. In choppy trading, U.S. benchmark yields bounced up from one-week lows set during Monday's rally due to a weekend breakdown in talks between Athens and international lenders ahead of Tuesday's deadline for Greece to repay the International Monetary Fund $1.77 billion. The Treasuries market seems...