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Merkel seeks 'improvements' to Greek loan extension proposal

German Chancellor Angela Merkel indicated that "improvements" were needed to the substance of a proposal submitted by Greece for an extension to its loan agreement a few hours before a crucial meeting of eurozone finance ministers in Brussels.

Greece, eurozone closer to deal, government official says

Greece and the euro zone are close to a deal on a financing-for-reforms package, a senior Greek official said ahead of a crucial meeting of euro zone finance ministers later on Friday.

The official, speaking on the condition of anonymity, said Greece had made a lot of concessions to reach an agreement and that the euro zone should show some flexibility too.

Germany softens tone ahead of crunch Greek debt talks

By Jan Strupczewski and George Georgiopoulos

European Union paymaster Germany softened its tone on Friday as euro zone finance ministers raced to break a deadlock over Athens' debts.

EU Commission sees 'worrying tendencies' in Greece's economic and financial situation

The European Commission sees "worrying tendencies" in Greece's economic and financial situation, a senior Commissioner said on Wednesday.

"We see that the economic and financial situation is not yet getting better, we see some worrying tendencies," said Valdis Dombrovskis, vice president for the euro and social dialogue.

Austrian fin min says does not see 'Grexit' at moment

Austrian Finance Minister Hans Joerg Schelling (photo) told German radio on Tuesday he did not at the moment expect Greece to leave the euro zone after talks between Athens and eurozone finance ministers ended without progress on Monday.

Asked if Greece could go bankrupt by the end of the month and leave the eurozone, Schelling said:

Greek bonds drop as deal seen further away

Greece?s bonds declined for the first time in three days as the nation?s euro-area creditors voiced doubt that a new financing agreement for the country was taking shape.

Greece?s three-year yield rose 174 basis points, or 1.74 percentage points, to 17.58 percent. [Bloomberg]

Greece must respect EU rules but compromise needed, says Sapin

French Finance Minister Michel Sapin said on Monday that Germany's firm position on talks about Greece's debt position was the right one but that the change of government in Greece also needed to be recognised.

Greece to pay 340-mln-euro IMF loan tranche Friday

Greece will pay a 340-million-euro tranche to the International Monetary Fund as scheduled on Friday, a government official told Reuters, the second part of a 1.5-billion-euro loan installment due this month.

"Everything is set, the payment will go out later today,» the official said.

Serbia in WC group with Montenegro, Australia and Japan

KAZAN - Serbia's water polo team will compete in Group D with Montenegro, Australia and Japan at the World Championship this year, the draw decided on Thursday.

The remaining groups will gather:

Group A: Croatia, Brazil, Canada and China,

Group B: Greece, the U.S., Italy and Russia,

Group C: South Africa, Hungary, Argentina and Kazakhstan.

Markarian named new Greece national team coach

Sergio Markarian of Uruguay has been named Greece'ss new national team coach, after the country made a disastrous start to its European Championship qualification campaign.

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