Germany Greece Aid

Germany set out "strict" conditions for further aid and said it would be sensible to link the size of the first tranche to Greece's progress in carrying out reforms, a reflection of worry around the euro zone that Athens might not do as promised.

More than half of Germans think the planned deal with Greece is bad and many would have preferred that the crisis-stricken country left the euro zone rather than getting the chance for further aid, according to an opinion poll.

Wall Street surged in late morning trading on Wednesday after a Bloomberg report that Germany may be satisfied with Greece committing to at least one economic reform in return for aid.

However, he continued to resist the painful austerity that Greece's creditors say is necessary to steady its finances and enable further aid to be disbursed.

Germany cannot simply draw a line under its Nazi past and must remain sensitive to the damage it caused to other countries including Greece, Chancellor Angela Merkel said on Saturday, just ahead of the 70th anniversary of the end of World War II.

Cyprus faces a Monday deadline to clinch a 10 billion euro bailout from the European Union or the European Central Bank sauys it will cut off emergency funding to the country's stricken banks, spelling certain collapse and potentially pushing the island out of Europe's single currency.

The German government is in favour of paying out the next tranche of international aid to Greece after a successful debt buyback programme by Athens, Germany's finance ministry said in a letter seen by Reuters on Wednesday.

Germany's parliament today overwhelmingly approved billions of euros in international aid for Greece, handing a much-needed financial boost to Athens as it battles against bankruptcy.

International lenders failed for the second week to reach a deal to release emergency aid for Greece and will try again next Monday, but Germany signalled that significant divisions remain.

Greece can stay afloat if it receives its next tranche of aid later than October,Prime Minister Antonis Samaras said.

Germany would back further support for Greece if the country continues to have problems refinancing its debt on the market, Finance Minister Wolfgang Schaeuble said on Thursday. The next progress report on Greece's current euro 110 billion ($158 billion) bailout package, due in June, "will be closely watched" and will be key in deciding how ...

Germany set out "strict" conditions for further aid and said it would be sensible to link the size of the first tranche to Greece's progress in carrying out reforms, a reflection of worry around the euro zone that Athens might not do as promised.

More than half of Germans think the planned deal with Greece is bad and many would have preferred that the crisis-stricken country left the euro zone rather than getting the chance for further aid, according to an opinion poll.

Wall Street surged in late morning trading on Wednesday after a Bloomberg report that Germany may be satisfied with Greece committing to at least one economic reform in return for aid.

However, he continued to resist the painful austerity that Greece's creditors say is necessary to steady its finances and enable further aid to be disbursed.

Germany cannot simply draw a line under its Nazi past and must remain sensitive to the damage it caused to other countries including Greece, Chancellor Angela Merkel said on Saturday, just ahead of the 70th anniversary of the end of World War II.

Cyprus faces a Monday deadline to clinch a 10 billion euro bailout from the European Union or the European Central Bank sauys it will cut off emergency funding to the country's stricken banks, spelling certain collapse and potentially pushing the island out of Europe's single currency.

The German government is in favour of paying out the next tranche of international aid to Greece after a successful debt buyback programme by Athens, Germany's finance ministry said in a letter seen by Reuters on Wednesday.

Germany's parliament today overwhelmingly approved billions of euros in international aid for Greece, handing a much-needed financial boost to Athens as it battles against bankruptcy.

International lenders failed for the second week to reach a deal to release emergency aid for Greece and will try again next Monday, but Germany signalled that significant divisions remain.

Greece can stay afloat if it receives its next tranche of aid later than October,Prime Minister Antonis Samaras said.

Germany would back further support for Greece if the country continues to have problems refinancing its debt on the market, Finance Minister Wolfgang Schaeuble said on Thursday. The next progress report on Greece's current euro 110 billion ($158 billion) bailout package, due in June, "will be closely watched" and will be key in deciding how ...