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The Greek bail-out drama goes on (Photo: Wikipedia)

EU: No flexibility until Greek government in place

German and EU officials said on Monday (18 June) that there can be no softer deadlines on the Greek bail-out programme until a new government is in place.

Meanwhile, the Greek election outcome has done little to alleviate Spain's woes - the eurozone's bigger worry.

The narrow victory of the pro-bail-out New Democracy party in Greece and the likelihood it can form a coalition government with its former Social-Democrat (Pasok) rival is "good news for the euro, for the eurozone and ...

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