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Merkel and Hollande meet to fine-tune message to Greece

Merkel and Hollande meet to fine-tune message to Greece
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The French and German leaders are set to present a united front on Greece as they meet for face to face talks today.

Francois Hollande and Angela Merkel are likely to tell Athens not to expect any leeway on its bailout agreement, unless it sticks to the terms.

Greece’s Prime Minister Antonis Samaras is due in Berlin and Paris on a charm offensive to try to convince them his country needs more time to meet its commitments. But the German Chancellor has already poured cold water on the idea of making far-reaching concessions.

After a summer lull, the eurozone is facing a crucial spell that could decide whether its debt crisis will spiral out of control or finally be contained.

In Greece, Eurogroup chief Jean-Claude Juncker has said a decision to grant more time will depend on a review by EU, European Central Bank and IMF lenders on the country’s progress in fulfilling its pledges. They will deliver their findings after visiting Athens next month.