Merkel warns of "drastic measures" if no progress in Ukraine
BRUSSELS, June 27
BRUSSELS, June 27 (Reuters) - German Chancellor Angela Merkel warned on Friday that the European Union would respond decisively if there were not quick progress in implementing Ukraine President Petro Poroshenko's peace plan.
"We expect progress in the next hours. If we don't see any steps forward on any of the points then we are also prepared to take drastic measures," she told journalists in Brussels.
The EU signed an historic free-trade pact with Ukraine on Friday and warned that it could impose more sanctions on Moscow unless pro-Russian rebels act to wind down the crisis in the east of the country by Monday. (Reporting by Tom Koerkemeier; Writing by Alexandra Hudson in Berlin; Editing by Stephen Brown)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.