Germany will not accept Greece going bankrupt, Chancellor Angela Merkel said in an interview on Monday.”We refuse to (accept) a Greek bankruptcy. We can’t accept that,” Merkel told ZDF German TV according to the channel’s website. Merkel, in a joint interview with French President Nicolas Sarkozy, also said there would only be a second Greek bailout program if Greece secured the sustainability of its public finances.(Reuters)
Earlier on Monday Angela Merkel had warned Greeks that “time is running out“.
In a joint press conference with French President Nicolas Sarkozy, Merkel said ““I can’t quite understand why we need a few more days — time is running out,” with reference to the Greek-Troika talks in Athens. “An agreement has never been so close, neither for private nor public creditors,” Sarkozy said. “We have to conclude it. We can’t imagine there won’t be an agreement.” Merkel and Sarkozy proposed setting up an account for Greece’s interest payments to guarantee lenders are paid. (Bloomberg)
PS do they drink something?