FXStreet (Mumbai) – Speaking at a news conference on early Friday, German Chancellor Angela Merkel said that they encouraged the sides to reach a rapid conclusion.
A special Euro group meeting aimed at bridging the outstanding differences between Greece and its creditors will be held on Saturday.
Merkel said, “We are saying, not without careful thought, that this Euro group is of decisive importance, taking into account that time is very short and that a result must be worked on.”
Responding to whether she was ready to offer Greece debt relief, the chancellor said that at this stage it was not possible to offer any new money for Greece beyond the remaining funds left in its second bailout program.
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