News Summary: Greek PM makes little progress

AP News
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Posted: Aug 24, 2012 12:07 PM

LITTLE MOVEMENT: Greece made little immediate progress in its quest for more time to carry out painful cuts during talks between its Prime Minister Antonis Samaras and Germany's Chancellor Angela Merkel Friday.

ENCOURAGING WORDS: But the German leader did offer some support to the stricken country, stressing that Berlin wanted to keep Greece in the euro and that it won't rush to judge reform efforts.

THE BACKGROUND: In German and French media this week, Prime Minister Antonis Samaras has argued that his country should have more time beyond the mid-2014 deadline to complete reforms that are a condition of it continuing to receive bailout loans.