John Kerry called to express support, White House standing by Greece’s efforts, step-by-step

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On the peak of the negotiations for the poor Greece, while Greece was trying to position itself on a fair play on the euro table,  the Obama administration has leapt to the defence of Greece, warning Germany and European creditors.

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The US deputy-national security adviser said the eurozone authorities had imposed the main burden of adjustment on the weaker deficit states and should do more to accept their share of responsibility for the euro crisis.

Mrs Atkinson described Europe’s insistence on structural reformrather than stimulus as a false dichotomy since one compliments the other. “You need both,” she said, arguing that a culture of “reverse fiscal dominance” had taken hold as countries become overly alarmed by debt burdens

“They have asymmetric rules. They need to make it socially fairer,” she said.

The US administration does not share the widespread view in Europe that there is little risk of…

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Sweet Merkel smiles! Technical solution means a political one, says Tsipras

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Alexis Tsipras’ commitment to the Greeks that Greece is seeking a new deal with its bailout creditors that would not condemn Greeks battered by five bitter years of income cuts, tax hikes and record job losses “to a lifetime of misery”, seems to remain unsheakable.

“We didn’t come to Brussels like the bad student who didn’t do his homework. We came here as Euro-partners, asking for a more fair solution , you have to hear us, and we will hear you, too ” If we come up with a technicla solution, ther will be a political one, said Tsipras .

Alexis said on his press briefing after the eurogroup Thursday . It was the first time he met Angela Merkel, who expecting that meeting, as she had said . She smiled to him repeatedly

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The markets, smiled on Friday , as well

Even though a compromise on…

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Greece’s demand on Germany’s World WarII dept “rebuffed” , the German Press wrote

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Germany rejects WWII Reparations, but Greece has a €162-billion argument

Greek Foreign Minister Nikos Kotzias took the Greek claim of  World War II Reparation from Germany in his jacket pocket when he visited Berlin for talks with his counterpart Frank-Walter Steinmeier on Tuesday.

“In my inside pocket, I’ve got that part of the speech from the prime minister who addressed the issue (of reparations),” Kotzias said putting one hand into his jacket, during a joint press conference with Steinmaier.

Greek FM was immediately rebuked by German FM.

“We are firmly convinced that all reparations issues, including forced loans, are judicially settled once-and-for-all,” Steinmaier replied after having said that Berlin was fully aware of its political and moral responsibility for the “terrible events” in Greece between 1941 and 1944 when Nazi German troops occupied Greece

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Greek Foreign Minister Takes War Reparations Claim to Berlin, Gets Rebuffed

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