Angela Merkel

Top EU officials eye deal by end-May as technical-level talks make gradual progress

As Greek government officials expressed their confidence that a deal with the country?s creditors is close, top European officials indicated Tuesday that although there has been progress in negotiations, an agreement is unlikely before the end of the month.

Merkel, Hollande to meet with Tsipras in Riga

Greek PM Alexis Tsipras will be meeting with German Chancellor Angela Merkel and French President Francois Hollande, in Riga, Latvia, during the Summit.

Merkel and Hollande stated that negotiations with Greece must be sped up, during a meeting in Berlin on Tuesday, while the French President underlined that Greece’s place is in the Euro.

EC: Political deliberations not a substitute for technical negotiations

The EC stated that political deliberations to take place in Riga on Thursday will not replace the importance of technical negotiations.

 

The Latvian capital will host European leaders including EC President Jean-Claude Juncker, European Council president Donald Tusk, European Parliament President Martin Schultz, and others.

 

Germany offers war reparations alternative, but Greece wants them paid in full

German Chancellor Angela Merkel ruled out war reparations to the Greek state. Instead, she is in favor of joint projects through a “fund with the future”. The program will have an annual budget worth 1 million euros as a gesture of atonement for Nazi atrocities in Greece during World War II.

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