Merkel, Hollande Tell Greece to Take Route A to Agreement

Angela Merkel and Francois Hollande told Greece there’s no alternative to dealing with creditors as it seeks to unlock bailout funds, after another round of negotiations failed to break the impasse over aid.

With time running out for a deal to free up the remaining 7.2 billion-euro ($8 billion) tranche of aid, the German chancellor and the French president said the Greek government needs to do more work to flesh out its reform program and satisfy the creditor institutions of the European Commission, the International Monetary Fund and the European Central Bank.