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Running out of time for a deal with Greece’s creditors, says Angela Merkel during G7 summit

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Berlin: German Chancellor Angela Merkel on Monday warned that time is running out for a deal with Greece’s creditors. She also insisted that solidarity with European partners and the International Monetary Fund would be contingent on Greece’s initiative to implement reforms.

“There isn’t much time left. Everyone is working intensively. The day after tomorrow there will be opportunity to discuss it with the Greek prime minister. Every day counts now,” Merkel said in a press conference after the conclusion of the G7 summit in the Schloss Elmau hotel in southern Germany.

Merkel added that the Greek financial crisis was one of many issues discussed in the meeting, which she attended on Monday along with Jean-Claude Juncker, the president of the European Commission, or EC, and Managing Director of the IMF, Christine Lagarde.

Merkel reiterated that all summit attendees want Greece to remain in the Eurozone, but reminded that there are rules that govern the union and that European and international solidarity must be matched by member countries’ own efforts.

Merkel argued that measures taken by the troika (EC, IMF and the European Central Bank, or ECB) proved to be effective in the cases of Ireland, which thrived after applying a tough reform program, Spain and Portugal, which created jobs despite ongoing high unemployment rates.

Merkel pointed out that the situation in Cypress also leads to a path of “success”.

The German chancellor confirmed her intention to meet again with Greek Prime Minister Alexis Tsipras in Brussels on June 17 under the auspices of the EU summit meeting with the Community of Latin American and Caribbean States, or CELAC.

In her view, the proposal presented to Athens by the three creditor institutions is “a breakthrough” that must be negotiated. (IANS)

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Donald Trump to announce Decision on Paris Climate pact: US leaning on the withdrawal side

If USA withdraws from the 2015 agreement,it is expected to have serious international consequences

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Presidential encyclopedias
US President Donald Trump, VOA
  • Donald Trump met with world leaders at the G7 Summit in Sicily where many set out to lobby the US president over staying committed to the climate agreement
  • The US did not join the climate section of the communiqué according to the official dispatch of the summit on which all countries sign
  • All the nations of the G7 summit, France, Japan, Canada, the United Kingdom and Italy, have also urged Trump to stay in the 2015 agreement

Washington, June 1, 2017: US President Donald Trump is still to give his decision about whether USA will remain a part of the Paris Climate agreement or not and the president seems to be leaning towards the withdrawal side as signaled by the white house.

Last Saturday morning, during the final leg of his first presidential trip abroad, the president teased his decision about the hotly debated topic in a tweet.

Trump met with world leaders this week at the G7 Summit in Sicily where many set out to lobby the US president over staying committed to the climate agreement.

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The US did not join the climate section of the communiqué according to the official dispatch of the summit on which all countries sign, mentioned NDTV report.

The document stated while the leaders of Canada, France, Germany, Italy, Japan and the United Kingdom and the presidents of the European Council and of the European Commission are propounding their commitment to the Paris agreement, the US “is in the process of reviewing its policies on climate change and on the Paris Agreement and thus is not in a position to join the consensus on these topics.”

The document stated while the leaders of Canada, France, Germany, Italy, Japan and the United Kingdom and the presidents of the European Council and of the European Commission are propounding their commitment to the Paris agreement, the US “is in the process of reviewing its policies on climate change and on the Paris Agreement and thus is not in a position to join the consensus on these topics.”

Here it is to be noted that during his Presidential Campaigning Trump had vowed that he would “rip” the Paris Climate Agreement. It seems like the president is all set to fulfill his that promise.

However, if that happens there will be serious international consequences as this will raise a question on the commitment of the world’s super power towards curbing environmental problems.

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Trump has said that he will announce his decision today in the White House Rose Garden.
The White House officials are indicating that the President may change his mind, as is his habit of doing on the last moment.

All the nations of the G7 summit, France, Japan, Canada, the United Kingdom and Italy, have also urged Trump to stay in the 2015 agreement.

– prepared by Nikita Tayal of NewsGram, Twitter: @NikitaTayal6