G7

Merkel Warns US, Britain no Longer Reliable Partners

Europe "must take its fate into its own hands" faced with a western alliance divided by Brexit and Donald Trump's presidency, German Chancellor Angela Merkel said Sunday, reported AFP.

"The times in which we could completely depend on others are on the way out. I've experienced that in the last few days," Merkel told a crowd at an election rally in Munich, southern Germany.

Eyes on euro fighter Macron

Not for the first time in recent years, Greece's fate is being decided outside of its borders. Representatives of the country's lenders, in the formation known as the Washington Group, met at the sidelines of the G7 summit in Bari, Italy, to discuss debt relief. The next milestone in this crucial discussion will be at the May 22 Eurogroup in Brussels.

G7: Germany delays Greek debt deal (video)

The IMF has not changed its stance regarding its participation in the Greek program, an official with knowledge of talks between Greece and its creditors on the matter in Washington, Brussels and Berlin told protothema. The source said that there were signs of concession in an effort between the parties involved to reach a compromise that would solve the deadlock.

Debt talks shift to Bari on Friday

On the fringes of the G7 council of finance ministers in Bari, Italy, Greece's creditors will on Friday try to find a compromise solution on the Greek debt that will allow for the return of the International Monetary Fund to the Greek program, a day after the European Commission downwardly revised its forecast for Greek growth this and next year.

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