NEWS

Merkel wants ‘good future’ in eurozone for Greece

Chancellor Angela Merkel says shes hoping for a good future for Greece in the eurozone as Germany pushes Athens to comply fully with the terms of its financial bailout.

Germany’s Parliament signed off Friday on a four-month extension to Greeces bailout, an agreement under which the new Greek government committed to honoring its financial obligations fully. It now has to submit detailed reform plans and pass a review by creditors.

Merkel said Monday: “On this basis, I hope for a good future for Greece as a member of the eurozone.”

Comments by Greek officials casting doubt on elements of the bailout have irked key creditor Germany. Finance Minister Wolfgang Schaeuble told ARD television Sunday: “We insist on what was agreed being fulfilled.”

[AP]