Berlin gives Tsipras the cold shoulder

Berlin gives Tsipras the cold shoulder

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Greek hopes of a political solution to the standoff between Athens and the European Stability Mechanism (ESM) with the help of Angela Merkel were dashed on Friday after the German chancellor told Prime Minister Alexis Tsipras that a decision on the matter lies not with Berlin but the country’s creditors – the European Commission, the European Central Bank and the International Monetary Fund – and the Eurogroup.

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