World Bulletin / News Desk
A senior member of Chancellor Angela Merkel's party issued a stark warning to Greece on Monday, saying Germany would not hesitate to veto further aid to the country if there were any signs it was not meeting the conditions of its bailout.
The comments, by the deputy parliamentary leader of Merkel's Christian Democrats (CDU) Michael Fuchs, are a sign that frustration with Greece among ruling party lawmakers is nearing the breaking point.
The "troika" of the European Commission, the European Central Bank and the International Monetary Fund is due to decide on the disbursement of the next tranche of money from Greece's 130 billion euro bailout package in September.
"Even if the glass is half full, that won't be sufficient for a new aid package. Germany cannot and will not agree to that," Michael Fuchs told German newspaper Handelsblatt.
"We long ago reached the point where the Greeks must show they are capable of delivering a shift. A policy of the last, last, last chance won't work anymore and must come to an end."
Merkel has suggested in the past that cutting off aid to Athens, a step which would likely push it out of the euro zone, carries too many risks for the bloc.
But she returns from her summer holidays this week under growing pressure from conservative allies to draw a line in the sand, regardless of the consequences.
In recent weeks, senior members of Merkel's coalition partners - the Christian Social Union (CSU) and Free Democrats (FDP) - have said a Greek exit from the euro zone would be tolerable. One predicted it would leave the currency zone by the end of this year.
Fuchs said Germany had reached its limit with Greece and would not hesitate to veto more aid if lawmakers were convinced it was not fulfilling the conditions of its bailout.
Were that to happen, he suggested that a Greek exit from the euro zone would be inevitable. Fuchs said Greece could remain a member of the European Union after a possible exit and receive a form of Marshall Plan to help it as it returns to its own currency.
Venezuela's Petroleum minister, Rafael Ramirez, said earlier this year that PDVSA could import crude as a "last resort" to find diluents for its heavy crudes
Air France, the French network of Air France-KLM said on Wednesday it has suspended its flights to Sierra Leone following advice from the French government
Ukrainian Prime Minister Arseny Yatseniuk said that Kiev knew of plans by Russia to halt gas flows this winter to Europe
The inquiry into tycoon Bernard Tapie has embroiled several of former president Nicolas Sarkozy's cabinet members including Lagarde.
The riot broke out in the southern industrial hub of Johor state on Tuesday at a factory run by JCY International , a Malaysian firm that makes parts for electronic giants including Samsung, Hitachi and Western Digital.
Hawaii and U.S. territories have strong dependency on petroleum imports, because of their physical isolation and lack of fossil fuel resources, while their residential electricity prices have been three to five times the average residential prices of the mainland U.S.
Buyers of Kurdish crude could face lawsuits from Baghdad if the oil moves close to U.S. soil and would also require the seller to provide costly indemnities against potential lawsuits
Deep job losses, route cuts and a change of leadership are expected to feature in a restructuring plan being prepared by Malaysia's government
New company will create the third largest global fast-food chain with annual sales of US$23 billion.
Once the international language of royal courts and diplomacy, French has lost ground to English in recent decades
With Russian and Libyan imports at risk, Algeria has become key in safeguarding supplies.
Clashes over economic policy also forced a government reshuffle in France this week as a political battle raged in Europe over whether belt-tightening had gone too far at the expense of economic growth.
The most recent polls show the four-party centre-right coalition government trailing the centre-left opposition by more than 10 points.
The Iranian section of the 97km long pipeline completed
Gamal Qumwa, the chairperson of the energy committee in the Jordanian parliament, said that the preliminary agreement includes supplying Jordan with 150 cubic feet of natural gas from Gaza's field.
The 5,000-member force launched on Friday will be part of the federal police and focus on guarding agriculture, mining, and oil and gas production against criminal groups.