Financial safety
German Chancellor Angela Merkel ruled out
a debt writedown for Greece on Saturday, and a European Central Bank
policymaker threatened to cut off funding to Greek banks if Athens does not
agree to renew its bailout package.
The euro zone's paymaster and the ECB are
both taking a tough line with Greece's new leftist government, whose leader
swept to victory last Sunday promising that five years of austerity,
"humiliation and suffering" were over.
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