BERLIN (AP) — Greece's foreign minister meets his German counterpart Monday at the start of a new high-stakes round of financial diplomacy that could help determine the future of the 17 countries that use the euro.
The parliamentary leader of Merkel's conservative bloc, Volker Kauder, has insisted that there is no room for giving Greece more time and says he sees little chance of Germany's governing coalition supporting a third rescue package.
A regional official with one of the country's governing parties, Bavarian state finance minister Markus Soeder, has called for Greece to leave the currency this year and argued that "an example must be made of Athens" — comments Westerwelle has criticized.
The ECB has said that it may buy government bonds to drive high borrowing rates down if countries first ask for help from Europe's bailout funds — a move that would benefit countries such as Spain and Italy.
The parliamentary leader of Merkel's conservative bloc, Volker Kauder, has insisted that there is no room for giving Greece more time and says he sees little chance of Germany's governing coalition supporting a third rescue package.
A regional official with one of the country's governing parties, Bavarian state finance minister Markus Soeder, has called for Greece to leave the currency this year and argued that "an example must be made of Athens" — comments Westerwelle has criticized.
The ECB has said that it may buy government bonds to drive high borrowing rates down if countries first ask for help from Europe's bailout funds — a move that would benefit countries such as Spain and Italy.
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