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Tuesday, July 7, 2015

French, German leaders urge Greece to offer quick proposals

Leaders of France and Germany told Greece's government the door for negotiations with creditors remained open but urged it to make credible proposals at a euro zone summit to reach a cash-for-reform deal and so avoid a euro zone exit. "The door is open for discussion," President Francois Hollande told reporters, standing next to German Chancellor Angela Merkel after talks at the Elysee Palace. "It's now up to the government of Alexis Tsipras to offer serious, credible proposals so that this will can be turned into a programme which gives a long-term perspective, because Greece needs a long-term perspective in the euro zone with stable rules, as the euro zone itself does." But he added: "I stress that there is not much time." Merkel said the conditions for a discussion on a programme involving the European Union's bailout fund were not yet in place and urged Greece to put proposals on the table this week.


READ THE ORIGINAL POST AT uk.news.yahoo.com