Merkel Sees No Leeway for Greece, Rejecting Signals of Softening
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German Chancellor Angela Merkel said Greece shouldn’t be granted leeway on terms for its bailout, rejecting signals from her foreign minister that creditors may relent on austerity measures.
The statements by Merkel today at the Group of 20 summit follows a victory in Greek elections for parties supporting the bailout. It clashes with indications made by euro-area finance ministers and German foreign-policy chief Guido Westerwelle, who said Europe could consider giving Greece more time.