The EU issued Monday a stern warning to Greece that its place in the eurozone is at risk if new Prime Minister Alexis Tsipras fails to meet the country's austerity and debt commitments. From Brussels to Berlin officials said they were ready to talk to the new government led by Tsipras' radical left party Syriza, but insisted that Athens must stick to prior agreements with its international creditors. Eurozone finance ministers were meeting in Brussels a day after Syriza stormed to victory in elections on the back of Tsipras' promises to end "disastrous austerity" and seek a cancellation of Greek debt. The Dutch finance minister did not rule out steps to help Greece -- such as extending debt repayment deadlines or reducing interest rates -- so long as the new government stuck to the austerity measures it has agreed with the EU and IMF since 2010.
(Reuters) - New Jersey Governor Chris Christie and his supporters have formed a political action committee ahead of a likely bid for president, according to a source with knowledge of the matter. The political action committee, or PAC, called Leadership Matters for America, is the clearest sign yet that Christie, 52, is running in the Republican Party primary for the 2016 presidential election. Among those serving on the PAC are long-time Christie allies Michael DuHaime and Bill Palatucci, as well as Phil Cox, executive director of the Republican Governors Association, the source said. Paperwork for the leadership PAC was filed on Friday with the Federal Election Commission, the source said.