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Merkel rules out Greek concessions

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Merkel rules out Greek concessions

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This lady is not for turning is the warning Angela Merkel has delivered to Greece in the wake of its pro-bailout election vote.

Shortly after arriving in Mexico for the G20 Summit, the German Chancellor made it clear that despite the election result Athens must respect its engagements.

“Let me repeat it. The Troika will go to Greece and the most important thing is that the new government stands by the commitments it has entered. It’s always been a habit in Europe that elections don’t endanger the continuity of past accords, and this is also valid for the deal agreed upon with Athens,” she said.

Despite her insistence other senior German ministers have indicated that Greece may be allowed some more time to meet its savings goals, as its suffered a “political standstill” due to the election campaign.