BERLIN (AP) — German Chancellor Angela Merkel is insisting that structural reforms can help Greece return to economic growth following a painful austerity drive.
Merkel acknowledged in an interview with Deutschlandfunk radio broadcast Sunday that spending cuts "indeed generally lead to the economy not being able to grow so much."
However, she said there are plenty of examples of countries where International Monetary Fund programs have been implemented and "very strong phases of growth come after a certain phase of recession.
German Chancellor Angela Merkel will make her first visit to Greece next week since the euro zone debt crisis erupted. ||| German Chancellor Angela Merkel will make her first visit to Greece next week since the euro zone debt crisis... Read Post
Angela Merkel has just given a clear signal that Cyprus will not get its bailout until it drops its opposition to wide-ranging economic reforms.During a press conference in Berlin, the German chancellor insisted the aid deal would n... Read Post