Merkel and Hollande look to evade Greek crisis

Chancellor Angela Merkel hosts President Francois Hollande today as officials look for ways to stave off an immediate crisis over Greece.

23rd August, 2012
French President Francois Hollande and German Chancellor Angela Merkel.

Chancellor Angela Merkel hosts President Francois Hollande today as officials look for ways to stave off an immediate crisis after a report due next month from Greece’s international creditors on the health of its finances.

Options raised in Germany in recent days include front-loading aid payments to Greece to help it over liquidity hurdles; lowering the interest rate or extending maturities on loans; and pushing for a second debt writedown, this time focusing...

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