Greek Crisis Evasion to Fore as Merkel Hosts Hollande

Leaders seek common ground while awaiting troika report on Greek progress.

Chancellor Angela Merkel hosts President Francois Hollande today as officials look for ways to stave off an immediate crisis after a report due next month from Greece’s international creditors on the health of its finances.

Options raised in Germany in recent days include front- loading aid payments to Greece to help it over liquidity hurdles; lowering the interest rate or extending maturities on loans; and pushing for a second debt writedown, this time focusing on bonds held by public institutions, notably the European Central Bank.

Powerful Women

Merkel’s comments, made on the same day she topped Forbes magazine’s list of the world’s most powerful women for the second year running, suggest a thaw in relations between Germany and Greece after Greek publications drew Nazi-era comparisons with its treatment during the debt crisis and Bild called for Greece to be expelled from the euro.

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