Merkel to meet ECB, IMF heads amid Greek crisis

The heads of the International Monetary Fund, European Central Bank and other financial institutes were to meet with German Chancellor Angela Merkel as the Greek financial crisis threatened to spread across the eurozone.

The heads of the International Monetary Fund, European Central Bank and other financial institutes were to meet with German Chancellor Angela Merkel as the Greek financial crisis threatened to spread across the eurozone.

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Markets are looking to Merkel, the head of the IMF, the ECB president and others to send a positive signal a day after Greek bonds were downgraded to junk status, causing Portuguese bonds to tumble.

Finance Minister Wolfgang Schaeuble insists that Germany will not let Greece fail, despite demands in Berlin that any aid to Athens be linked to strict conditions.