Politics of Germany

Schaeuble tells MPs Varoufakis 'strains' EU solidarity

Germany's Wolfgang Schaeuble told a meeting of conservatives lawmakers on Thursday that recent remarks by the Greek finance minister had strained European solidarity and that a bailout extension for Athens could be ditched if the country failed to stick to its promises, according to participants.

Merkel welcomes Greek 'starting point', says 'much work ahead'

German Chancellor Angela Merkel on Wednesday welcomed as a "starting point" reform pledges made by Greece in return for a four-month extension to its bailout program.

"This is good news considering what was being said only weeks ago," Merkel said, adding however that "much work lies ahead" in talks between Athens and its international creditors.

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