Greece must stick to reform agreements – Merkel

German Chancellor Angela Merkel wants Greece to stay in the euro zone but the indebted state must adhere to the terms of its international bailout, she was quoted as saying on Wednesday.

“It is still the case that the agreements with the troika and the reform targets must be adhered to. That’s the only way we can imagine the path for Greece back to stability and economic strength,” Merkel was quoted as saying.

In a pre-release for Thursday’s Passauer Neue Presse newspaper, Merkel said nothing had changed about her view that it would take time to solve the euro zone’s sovereign debt crisis and that Greece should remain in the currency bloc.

Reuters

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at MarketPulse
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.
Dean Popplewell