Bundesbank chief warns Greece to act fast

Time is running out for Greece to reach a deal on its debts with its euro zone backers, the president of Germany's Bundesbank warned on Monday, urging Athens to act to avoid a default that could tip it out of the euro zone. The Greek government is sticking to demands that its creditors propose less harsh terms for a cash-for-reforms deal after talks collapsed at the weekend, bringing it one step closer to a default. "Time is running out for Greece," Jens Weidmann, the head of Germany's central b