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      Archive: 8/13/2012

      News Brief

        8/13/2012, Av 25, 5772

      Merkel Ally Warns Greece

      A senior member of German Chancellor Angela Merkel’s party has warned Greece that Germany will veto further European Union aid if Greece does not meet its bailout conditions, Reuters reports. “The Greeks must show they are capable of delivering a shift,” deputy parliamentary leader for the Christian Democrats Michael Fuchs said.

      The European Commission, European Central Bank and International Monetary Fund will decide soon on the disbursement of the next payment in Greece’s 130 billion euro bailout package.