Grexit? Greece to get more time, but not more money (at least for now). PM Samaras’ was given two clear messages from European leaders in a series of meetings that concluded in Paris on Saturday; (1) Greece must deliver on austerity, structural reform and privatisation and (2) no decision pending the next Troika review end- September. On an eventual extension on the Greek programme targets, the leaders were non-committal.
Over the weekend, however, German Finance Minister Schaueble reaffirmed his opposition to giving Greece more time and Mr. Dobrindt - a CSU member – voiced the opinion that Grexit would come next year. Mr. Laschet, a CDU member cautioned Saturday that Grexit could trigger instability in a NATO member state with Russia standing ready to help Greece and Chancellor Merkel Sunday warned German politicians to weigh their words “very carefully” in discussing Grexit. — SocGen’s Michala Macussen