German Chancellor Angela Merkel reiterated on Wednesday that Germany wants Greece to stay in the euro, but warned that the country must play by the rules and honor its commitments.

In an interview with CNBC, German Chancellor Angela Merkel reiterated that Germany wants Greece to stay in the euro, but warned that the country must play by the rules and honor its commitments. Merkel told CNBC's Silvia Wadhwa, "I want Greece to stay in the euro. I think that would be good for Greece and for all of us."

German Chancellor Angela Merkel, told CNBC, "We have to say that we also have to be able to rely on each other, that is to say the commitments we have entered into on both sides, on the one hand the solidarity we have shown towards Greece and on the other hand the fulfillment of the commitments of the memorandum, these are two sides of the same coin."

Patrick McKeever senior equity analyst at MKM Partners, told CNBC, "The company just rolled out a new merchandising initiative about a week ago, it is called 'The Shops at Target' and it is boutique merchandise at Target prices, so they're working with five independent retailers across the country, it is one of the reasons why I like the stock here."

Mervyn King, The governor of the Bank of England said on Wednesday that "the outlook for growth presented in today's report is weaker than in February and the outlook for inflation is higher in the near term."