High level meetings as tensions increase in Eurozone

With the beginning of September, the Euro Zone crisis kicks into high gear, with meetings between high level government leaders and the ECB.

From the UK Guardian's Eurozone crisis live: http://www.guardian.co.uk/business/2012/sep/04/eurozone-crisis-moodys-european-union-negative#block-5045fd7ac0e35a003915c3fb

Germany tells Greece to keep reforming

Greek finance minister Yannis Stournaras received an blunt message from the German government today: implement those economic reforms, or else.

It was delivered in Berlin, where Stournaras met German finance minister Wolfgang Schäuble. After the meeting ended up, the finance ministry issued this statement:

• 'Most important is that Greece fully implement its obligations.Finance minister Schäuble pointed this out to his colleagues once again.'

The ministry added that Germany remains determined to see the details of the Troika report into Greece's economy before taking a decision on the country's request for more time to hit its targets. That report may not be released for several weeks.

Stournaras also held talks with German foreign minister Guido Westerwelle, so here's a photo:

Guido Westerwelle (second from the left) and Yannis Stournaras (second from the right) holding talks at the the Foreign Ministry today. Photograph: John Macdougall/AFP/Getty ImagesThe Wall Street Journal reports on concerns that tensions may resurface this month, as the ECB work on conditions for bond purchases and several key meetings will be happening:
 

--Tuesday: French President Francois Hollande meets Italian prime minister Mario Monti. Greek Finance Minister Yannis Stournaras meets German finance minister Wolfgang Schaeuble. Greek T-bill auction.

--Wednesday: Euro-zone August services PMI data. German bond auction. Troika of Greece's lenders returns to Athens.

--Thursday: ECB rate decision and press conference. Revised EU second-quarter GDP data. Spanish and French bond auctions. German July manufacturing orders. German Chancellor Angela Merkel meets Spanish prime minister Mariano Rajoy.

--Friday: German July industrial production.

http://online.wsj.com/article/SB10000872396390443847404577630110932880868.html?mod=googlenews_wsj