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Angela Merkel

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  • 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...

  • BERLIN, June 30- German Chancellor Angela Merkel said on Tuesday that Germany would not negotiate on a new bailout agreement before Greece's referendum which is planned for Sunday. Merkel told a meeting of conservative lawmakers earlier in the day that it would only be possible to consider earlier negotiations with Greece if Athens called off the referendum...

  • WASHINGTON, June 30- President Barack Obama said on Tuesday the financial crisis in Greece should not create a major shock for the U.S. economy, but warned that its fallout could dampen global growth and encouraged both sides to reach a deal. If a deal is not reached between Greece and its creditors in the coming hours, Athens would default on a loan to the...

  • NEW YORK, June 30- Stocks on Wall Street rose in choppy trade on Tuesday and a global equities gauge ticked up, while the euro remained under pressure as Greece grappled with a looming deadline on a debt payment to the IMF. Greece submitted a new two-year aid proposal to its creditors, calling for debt restructuring in what seemed like a last-ditch effort by Athens...

  • NEW YORK, June 30- Stocks on Wall Street rose in choppy trade on Tuesday and a global equities gauge ticked up, while the euro remained under pressure as Greece grappled with a looming deadline on a debt payment to the IMF. Greece submitted a new two-year aid proposal to its creditors, calling for debt restructuring in what seemed like a last-ditch effort by Athens...

  • *Greece hours away from debt default. LONDON, June 30- European shares extended the previous day's steep declines in choppy trading on Tuesday as Greece headed towards default on a crucial debt payment to the International Monetary Fund. But German Chancellor Angela Merkel said Germany would not negotiate on a new bailout agreement for Greece before its...

  • BERLIN, June 30- German Chancellor Angela Merkel said on Tuesday that Germany would not negotiate on a new bailout agreement for Greece before its referendum which is planned for Sunday. "Before a referendum, as planned, is carried out, we won't negotiate on anything new at all," Merkel said. She added that this applied regardless of whether new offers were made on...

  • June 30- U.S. stocks shed some of their early gains on Tuesday as nervous investors wondered whether last-minute talks would produce a bailout deal that would keep Greece in the euro. German Chancellor Angela Merkel told lawmakers she did not expect any new developments, appearing to dash hopes of a deal before Greece defaults on a 1.6 billion euro payment to the...

  • *EU Commission urges Greece to accept deal. ATHENS, June 30- Greece pleaded for a short-term bailout extension on Tuesday to avert a midnight default as frantic efforts gathered pace to salvage a deal that could keep Athens in the euro, with Germany warning that time had run out to extend vital credit lines. European Commission President Jean-Claude Juncker...

  • BRUSSELS/ PARIS, June 30- Euro zone governments are hammering home a series of coordinated messages to Greece in hopes of persuading voters to disavow Prime Minister Alexis Tsipras and vote "yes" to a debt deal with creditors on Sunday, EU officials and diplomats say. Yet in doing so, European Commission President Jean-Claude Juncker, German Chancellor Angela...

  • BERLIN, June 30- German Chancellor Angela Merkel told lawmakers she did not expect any new developments on Greece on Tuesday, appearing to dash hopes of a last-minute deal before the bailout programme expires at midnight, two participants at the meeting said. Merkel also said the consequences of the Greek crisis could be cushioned well and there was no need to...

  • China, the world's dominant producer, was choking supply and investors were stampeding into the hottest ticket in town. The ensuing bust was equally spectacular with prices collapsing as buyers went on strike and China, under international pressure, loosened its stranglehold. With Molycorp and its Australian peer, Lynas, struggling to stay afloat, all the old...

  • *EU Commission calls on Athens to accept 11th hour offer. ATHENS, June 30- EU authorities made a last-minute offer to salvage a bailout deal that could keep Greece in the euro as the clock ticked down on Tuesday, with Germany warning that time had run out to extend vital credit lines to Athens. With billions of euros in locked-up bailout funds due to expire at midnight,...

  • BERLIN, June 30- German Chancellor Angela Merkel played down any hopes of a last-minute deal with Greece on Tuesday, just hours before its bailout deal expires, saying she was not aware of any new offer from the European Commission president. And I am not aware of any real indications of anything else, "said Merkel at a news conference with Kosovo's prime minister.

  • LONDON, June 30- Euro zone stocks and low-rated bonds recovered the worst of their losses on Tuesday but remained on edge as Greece looked set to default on a debt repayment to the IMF and plunge deeper into financial crisis. The breakdown of talks between Athens and international creditors over the weekend has led Greece to close its banks and impose capital...

  • BERLIN, June 30- Germany has delayed a parliamentary vote on new rules for the disputed technique of fracking for shale gas after parties in Chancellor Angela Merkel's coalition failed to agree on final details, lawmakers said on Tuesday. Legislation had been due to go to the Bundestag on Friday but objections from some Social Democrats, in coalition with...

  • 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...

  • Turkish prime minister says his country is ready to help Greece overcome its economic crisis and is offering to expand cooperation in areas such as tourism, energy and trade. Ahmet Davutoglu said Turkey wants to live "in peace," and has no interest in seeing Greece "languish." Turkey and Greece have been long-time foes but the two countries have sought to build...