German official: No more time for Greece

German official: No more time for Greece

berlin

Germany’s economy minister has rejected calls for Greece to get more time to implement economic reforms, saying in an interview Sunday that Athens needs to respect the bailout deal reached with its international creditors.

Philipp Roesler’s comments to ZDF public television come after a visit by Greece’s prime minister to Berlin on Friday, during which Antonis Samaras told German Chancellor Angela Merkel that his country needs “time to breathe” before it can make all the budget cuts and reforms demanded as part of its $300 billion bailout packages.

Data-theft case

berlin

Swiss private bank Julius Baer says a Zurich-based employee has been arrested on suspicion of stealing confidential client information that later was passed to German tax investigators.

Bank spokesman Jan Vonder Muehll confirmed a report Sunday by Swiss weekly SonntagsZeitung about the case.

Vindicator wire reports

Selected local stocks

STOCK, DIVIDENDCLOSECHANGE

Aqua America, .66, 25.05 .16

Avalon Holdings,3.8777—.33

Clear Channel, .73 66.10 —.32

Cortland Bancorp, 10.25.05

Farmers Nat., .126.10 .24

First Energy, 2.20, 44.72—.15

FirstMerit Corp., .64,15.72 —.06

First Niles Financial, .32,7.00.10

First Place Fin., .68—.04

FNB Corp., .48,10.94.03

General Motors,21.19—.15

General Electric, .68,20.80.16

Motors Liquidation, .0422.00

Huntington Bank, .16, 6.55.02

JP Morgan Chase, 1.20,37.18—.05

Key Corp, .20,8.34.05

LaFarge, 11.78 .13

Macy’s, .80, 39.75.83

Parker Hannifin, 1.64, 81.60.25

PNC, 1.60,62.04.21

RTI Intl. Metals,22.47—.51

Simon Prop. Grp.,4.20,157.10.64

Stoneridge 6.42 .04

United Community Fin. 2.96—.03

Selected prices at 4 p.m. Friday. Provided by Stifel Nicolaus. Not to be construed as an offer or recommendation to buy or sell any security.