Germans May Have Found Way to Break Greek Deadlock



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Although Germans remain persistent regarding Greek reforms on taxes, state asset sales and retirement benefits, German Chancellor Angela Merkel appears to be more flexible in unlocking further financial aid to Greece if the country decides to initiate at least one major overhaul, two anonymous sources close to the German government told Bloomberg.

If Greek Prime Minister Alexis Tsipras is willing to take immediate action, liquidity could be released in early July, the sources said, without giving further clues though about which measure should Greece take in order to convince its international creditors.

There is also a possibility that Merkel and French President Francois Hollande will meet with Tsipras on the sidelines of an EU summit on Wednesday in an effort to surpass the deadlock.

The German Chancellor’s current statements from Brussels seem to confirm the rumors about the recent change in Germany’s intentions toward Greece. Specifically, Merkel told reporters: “When there’s a will, there’s a way… The goal is to keep Greece in the euro area.”