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Angela Merkel

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  • *Germany gets its way in bailout clash with Greece. The bailout extension deal that Germany and its European partners clinched with Greece on Friday after weeks of public jousting between the countries had a similar feel. Their pledge to roll back German-ordered austerity and keep Greece in the euro always looked unrealistic.

  • *Tsipras says Greece leaving austerity, bailouts and troika. *Greece had faced financial collapse next week- Noonan. *Huge bank withdrawals put pressure on Athens for deal.

  • BERLIN, Feb 21- The German parliament could approve a four-month extension to euro zone funding for Greece, on condition Athens presents a list of reforms as promised, a senior ally of German Chancellor Angela Merkel was quoted as saying. Greece has secured a funding extension, averting bankruptcy and a euro exit, provided it comes up with promises of economic...

  • Germany set to approve Greek deal: Merkel ally Saturday, 21 Feb 2015 | 10:02 AM ET
    The national flag of Greece and the flag of the European Union fly above a government building on January 23, 2015 in Athens.

    The German parliament is likely to approve an extension to euro zone funding for Greece, if Athens presents a list of reforms as promised.

  • *Athens forced to climb down and accept strict oversight. BRUSSELS, Feb 20- Euro zone finance ministers agreed in principle on Friday to extend Greece's financial rescue by four months, averting a potential cash crunch in March that could have forced the country out of the currency area. The deal, to be ratified once Greece's creditors are satisfied with a list of...

  • BRUSSELS, Feb 20- Euro zone finance ministers reached an agreement on Friday to extend heavily indebted Greece's financial rescue by four months, officials on both sides said. An agreement removes the immediate risk of Greece running out of money next month and possibly being forced out of the single currency area. European Union paymaster Germany, Greece's...

  • *Der Spiegel says ECB making contingency plans for Grexit. BRUSSELS, Feb 20- Euro zone finance ministers drafted an outline agreement on Friday that could form the basis for extending Greece's financial rescue package, officials on both sides said. European Union paymaster Germany, Greece's biggest creditor, had demanded "significant improvements" in reform...

  • Greek bond yields fall on optimism for debt deal Friday, 20 Feb 2015 | 11:50 AM ET

    LONDON, Feb 20- Greek bond yields pushed lower on Friday on hopes euro zone finance ministers will eventually reach agreement on a loan extension that will help Greece avoid bankruptcy. Greek Prime Minister Alexis Tsipras said on Friday he was certain euro zone finance ministers would accept Athens' request for an extended loan, even though Germany demanded "...

  • *Greece could run out of money by end of March. BRUSSELS/ ATHENS, Feb 20- Greece's leftist prime minister said on Friday he was certain euro zone finance ministers would accept Athens' request for an extended loan but Germany demanded "significant improvements" in Greek reform commitments. German Chancellor Angela Merkel, speaking after talks in Paris, said all EU...

  • PARIS— France and Germany held out the possibility on Friday of sanctions if the Minsk accords to stabilize Ukraine are not respected. The two heads of state, along with the leaders of Ukraine and Russia, signed accords on Feb. 12 in a last-ditch effort to stabilize and bring peace to Ukraine— starting with a cease-fire that both Ukraine and rebels now say has been...

  • PARIS— German Chancellor Angela Merkel says there needs to be a "significant improvement" in Greece's request for further aid from its creditors but is underlining her wish to keep the country in the eurozone. Merkel said Friday Germany's aim since the debt crisis started has been to keep Greece in the euro and it will "try everything to continue on this path."

  • *Greece could run out of money by end of March. BRUSSELS/ ATHENS, Feb 20- Greece's new prime minister said on Friday he was certain euro zone finance ministers would accept Athens' request for an extended loan as EU paymaster Germany softened its hostile tone. Berlin and other euro zone hawks want guarantees that Greece will fulfil strict conditions in its...

  • BERLIN, Feb 20- The German government softened its tone on Greece a day after its finance minister firmly rejected Athens' latest request for a bailout extension, saying that although the proposals needed work, they were a good basis for further talks. "The letter from the Greek finance minister makes clear that Greece remains interested in support from the...

  • *Greece could run out of money by end of March. BRUSSELS/ ATHENS, Feb 20- European Union paymaster Germany softened its tone on Friday as euro zone finance ministers raced to break a deadlock over Athens' debts. "We have covered four fifths of the distance, they also need to cover one fifth," the official said, adding Greece wanted to clinch a deal on Friday, but that it would...

  • BERLIN, Feb 20- A spokeswoman for German Chancellor Angela Merkel said the latest Greek request for an extension of its loan agreement with Europe was a "good signal" and provided a basis for further talks, but was not sufficient in its current form. Speaking at a regular government news conference on Friday, spokeswoman Christiane Wirtz said the government was...

  • *Berlin and Athens at odds. *Greece could run out of money by end of March. With EU paymaster Germany and the new radical leftist-led government in Athens digging their heels in over demands that Greece stick to strict austerity conditions in its international bailout programme, the two sides seemed far apart hours before a crucial Eurogroup meeting in Brussels.

  • Amid the tensions, Moscow sternly warned the cash-strapped Ukraine that its pay for Russian gas would only last for a few more days, raising the specter of another gas war with potential repercussions for Europe. A Ukrainian military spokesman said the Russia- backed rebels fired on Ukrainian positions nearly 50 times in the past 24 hours and that Russia sent...

  • *Athens questions whether Berlin speaks for euro zone. ATHENS/ BRUSSELS, Feb 19- Germany rejected a Greek proposal for a six-month extension to its euro zone loan agreement on Thursday, saying it was "not a substantial solution" because it did not commit Athens to stick to the conditions of its international bailout. As the biggest creditor and EU paymaster, Germany...

  • ATHENS, Feb 19- Greek Prime Minister Alexis Tsipras and German Chancellor Angela Merkel held a "constructive" phone conversation on Thursday, a Greek government official told Reuters. "The conversation was held in a positive climate, geared towards finding a mutually beneficial solution for Greece and the euro zone," the official said. Greece formally requested...

  • *Athens uses vital EU wording to request extension. ATHENS/ BRUSSELS, Feb 19- Greece formally requested a six-month extension to its euro zone loan agreement on Thursday, offering major concessions as it raced to avoid running out of cash within weeks and overcome resistance from skeptical partners led by Germany. A government official told Reuters that Athens...