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 ...