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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, Angela Merkel Discuss Trade And Security Issues at G-20 Summit

For her part, Merkel said the two countries should address issues related to fair trade, multilateral issues, the World Trade Organization, the INF Treaty and regional issues concerning Syria and Ukraine

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jamal Khashoggi, election
Trump, Merkel discuss trade, security issues at G-20 Summit. VOA

US President Donald Trump and German Chancellor Angela Merkel on Saturday exchanged views on trade and security on the sidelines of G-20 Summit in Buenos Aires, according to a statement released by the White House.

The two leaders exchanged thoughts on Russia’s violation of the Intermediate-Range Nuclear Forces (INF) Treaty and explored how to strengthen the NATO alliance further as well as how to improve European energy security, the statement said.

They also discussed the ongoing situation of confrontation between Russia and Ukraine, according to the statement, Xinhua news agency reported.

“We have a great relationship and a great working relationship, I think very important,” said Donald Trump before the meeting, according to the statement.

Donald Trump, U.S.
Donald Trump. VOA

Trump also expressed his praise of Merkel, who “was highly respected by everybody, including me.”

Meanwhile, Donald Trump reaffirmed his stance on trade between the US and Germany, saying that “we have a tremendous trade imbalance, but we’re going to get that straightened out.”

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For her part, Merkel said the two countries should address issues related to fair trade, multilateral issues, the World Trade Organization, the INF Treaty and regional issues concerning Syria and Ukraine.

Despite the long-term alliance between Washington and Berlin, the bilateral ties recently have been overshadowed by their differences on bilateral trade, the Iran nuclear deal, climate change, the defense spending of NATO members and the NORD-Stream 2 gas pipeline project, among other issues. (IANS)