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BERLIN: Germany's chancellor says she thinks debt-laden Greece is making progress in implementing reforms and austerity measures ``step by step.''

In a strongly decisive manifestation of its support for Greece proceeded Angela Merkel.

According to the president of the European Parliament, the decision for Greece should be taken with a main focus of preserving the unity of the eurozone.

The European Central Bank has confirmed media reports on the recruitment of additional staff. The ECB said there would be 40 new employees to cope with an increasing workload stemming from the euro area debt crisis.

FRANK WADE (AFX) - The European Central Bank (ECB) has bought in the past week again no government bonds financially weak euro countries. The central bank said on Monday in Frankfurt.

Italian prime minister Mario Monti on Friday warned that the euro currency could be a factor in the breakup of Europe, rather than drawing it closer together.

The eurozone will slip into recession and won't grow until 2013, according a poll of economists who also don't expect any new aggressive policy response from the European Central Bank.

The European Commission has rejected speculation on Thursday the possibility of allowing more time for Greece

Following numerous cash injections from the European Central Bank Spanish banks, the recent debt has jumped another 10% between June and July to reach 375 billion euros.

Greece proposes to extend to 2020 against 2016, the early repayment of a loan of 110 billion euros.