Monday, July 6, 2015

Germany: No Early Financial Rescue Package for Greece



Wall Street Journal: Conditions Not Right for New Negotiations on Greek Bailout, Germany Says

Spokesman for Chancellor Angela Merkel leaves door open for talks

Germany sees no reason to immediately restart bailout negotiations after Greeks voted against their international creditors’ conditions for further aid, Chancellor Angela Merkel’s spokesman said Monday, though he left the door open to more talks.

The Greeks’ defiant stance has set up a collision course with the country’s creditors, pushing it closer to bankruptcy and a potential exit from the eurozone. Germany, which has taken the lead in the eurozone push for austerity, is sticking to its stance that Greece must follow tough economic policies.

WNU Editor: Greece wants to re-open talks on a bail-out .... Greece looks to reopen bailout talks as euro future in doubt (AP) .... but this German dismissal is a clear sign that Greece is not going to get its way.

More News On Germany's Refusal To Open Talks On The Greek Debt Crisis

Greece debt crisis: Merkel dashes hopes for early rescue package -- Financial Times
German line hardens after Greek referendum 'No' -- Reuters
German Government Sees No Basis for Greek Aid Talks to Restart -- Bloomberg
Greek crisis: Germany sees no basis for new negotiations as Varoufakis resigns -- Irish Times
Germany doesn't want to talk to Greece -- Business Insider

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