Meantime, there is a vote of confidence for the Greek president scheduled for Tuesday.
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Shortly afterwards Karolos Papoulias, the plain-speaking Greek president, told Mrs Merkel the Greeks could not endure much more austerity.
Leaders of the three main parties making up a new government of national unity had been meeting the Greek president to try to reach a deal.
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"In order to maintain the positive climate in the Greek Olympic team we have taken the decision, " said Greek committee president Lambis Nicolaou.
The Greek-Cypriot president, Tassos Papadopoulos, has assured his voters that he has scores of vetoes up his sleeve.
Tasos Papadopoulos, the Greek-Cypriot president, has already said that he is against a referendum before the conclusion of negotiations.
It was not by chance that Chancellor Angela Merkel devoted so much time to discussing the Greek crisis with President Obama in Washington.
Under a UN special envoy, Alexander Downer, the Greek-Cypriot president (Demetris Christofias) and his Turkish-Cypriot counterpart (Dervish Eroglu since March 2010), have held 100 meetings since September 2008.
As the Greek-Cypriot president, Tassos Papadopoulos, gleefully noted in December, he will have many opportunities to veto Turkish entry: the negotiations could last for ten years or more.
The euro slid for a sixth day versus the dollar after French Socialist Francois Hollande was elected president and Greek voters picked anti-bailout parties.
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Unfortunately, few of these prisoners enjoyed the international support that was rallied on behalf of Athanasiadis, said Michalis Kosmides, a Greek journalist and vice president of the Foreign Press Association in London.
Dimitra Koutsoumba, president of the Greek Archaeologists' Association, said Friday that the latest attack was sad and worrying.
"There was also a financial crisis in Greece last year as well and we had a record year with a 10% increase in the number of visitors, " said Konstantinos Zikos, president of the Greek National Tourism Organization .
French President Nicolas Sarkozy met Greek Prime Minister George Papandreou in Paris on Sunday to discuss Greece's austerity package.
The Greek financial crisis is now moving quickly - with confirmation from President Sarkozy today that his officials have struck a deal with the French banks who hold maturing Greek debt.
It follows a telephone call between Greek Prime Minister George Papandreou, French President Nicolas Sarkozy and German Chancellor Angela Merkel.
BBC: Greece 'integral' to the eurozone, say European leaders
The collapse of Greek talks came as France's new president, Francois Hollande, met with German Chancellor Angela Merkel hours after his inauguration, and as European finance ministers met in Brussels, Belgium.
And with the rest of the G20 not in a position to play the kind of hard ball with France and Germany that Chancellor Angela Merkel and President Nicolas Sarkozy played with the Greek prime minister on Wednesday night.
European President Herman Van Rompuy is due to meet Greek leader Antonis Samaras on Thursday.
The election of a Socialist president in France and the collapse of the Greek coalition had once again roiled world stock markets and everyone was worried.
She wanted the Americans on-side and, in particular, she wanted President Obama's authority standing behind a second Greek bail-out.
The incident came after the Greek foreign minister, Theodoros Pangalos, said America's President Clinton had broken a promise to sort out the Cyprus problem .
On the Greek debt crisis, could you give us any indication how the President is monitoring it?
President Sarkozy said yesterday that the deal would lower the Greek debt stock by about 24% of GDP.
The Greek PM will meet German Chancellor Angela Merkel on Friday and French President Francois Hollande on Saturday.
Known as the "mother of fraternities, " Union birthed undergraduate Greek life and produced Chester A. Arthur, the forgettable 21st president.
The new government will have to make changes "in order for the Greek people to escape the torturous reality of unemployment and unbelievable difficulties that every Greek family faces today, " Samaras said after meeting with the president.
CNN: Greek party official: Coalition talks to be held Tuesday
This sentiment was strengthened by European Central Bank President Mario Draghi's decision to cut off certain Greek banks from receiving ECB funds and the IMF's announcement, earlier Friday, that it would freeze contacts with Greece until the June 17 election.
On June 17, she discussed a softer plan with French President Nicolas Sarkozy: a gentleman's agreement under which Greek bonds would be honored but the bondholders would volunteer to buy new ones.
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On his first trip overseas as President, during his visit to Istanbul, he met with Greek Orthodox Patriarch Bartholomew, Armenian Orthodox Archbishop Aran Stesyan, Chief Rabbi of Istanbul Isak Haleva, Grand Mufti of Istanbul Mustafa Cagrici and Syrian Orthodox Archbishop Yusuf Cetin.
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