Monday 26 September 2016

Merkel and Hollande urge Greece to offer quick proposals - ECB leaves level of emergency credit to Greece unchanged

Published 06/07/2015 | 19:19

French President Francois Hollande (L) welcomes German Chancellor Angela Merkel before talks and a dinner at the Elysee Palace in Paris, France, July 6, 2015. Hollande and Merkel met in Paris on Monday evening following the Greek people's resounding 'No' to a European cash-for-reform deal in a referendum. REUTERS/Philippe Wojazer
French President Francois Hollande (L) welcomes German Chancellor Angela Merkel before talks and a dinner at the Elysee Palace in Paris, France, July 6, 2015. Hollande and Merkel met in Paris on Monday evening following the Greek people's resounding 'No' to a European cash-for-reform deal in a referendum. REUTERS/Philippe Wojazer
French President Francois Hollande (L) welcomes German Chancellor Angela Merkel before talks and a dinner at the Elysee Palace in Paris, France, July 6, 2015. Hollande and Merkel met in Paris on Monday evening following the Greek people's resounding 'No' to a European cash-for-reform deal in a referendum. REUTERS/Philippe Wojazer
French President Francois Hollande (L) welcomes German Chancellor Angela Merkel before talks and a dinner at the Elysee Palace in Paris, France, July 6, 2015. Hollande and Merkel met in Paris on Monday evening following the Greek people's resounding 'No' to a European cash-for-reform deal in a referendum. REUTERS/Philippe Wojazer
French President Francois Hollande (L) welcomes German Chancellor Angela Merkel before talks and a dinner at the Elysee Palace in Paris, France, July 6, 2015. Hollande and Merkel met in Paris on Monday evening following the Greek people's resounding 'No' to a European cash-for-reform deal in a referendum. REUTERS/Philippe Wojazer

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.

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His comments came as the European Central Bank announced that the level of emergency credit to Greek banks will remain unchanged.

French President Francois Hollande (R) meets German Chancellor Angela Merkel (L) at the Elysee Palace in Paris, France, July 6, 2015. Hollande and Merkel met in Paris on Monday evening following the Greek people's resounding 'No' to a European cash-for-reform deal in a referendum in Greece. REUTERS/Etienne Laurent / Pool
French President Francois Hollande (R) meets German Chancellor Angela Merkel (L) at the Elysee Palace in Paris, France, July 6, 2015. Hollande and Merkel met in Paris on Monday evening following the Greek people's resounding 'No' to a European cash-for-reform deal in a referendum in Greece. REUTERS/Etienne Laurent / Pool
French President Francois Hollande (R) welcomes German Chancellor Angela Merkel before talks and a dinner at the Elysee Palace in Paris, France, July 6, 2015. Hollande and Merkel met in Paris on Monday evening following the Greek people's resounding 'No' to a European cash-for-reform deal in a referendum. REUTERS/Philippe Wojazer

The door is open for discussion," President Francois Hollande told reporters, standing next to German Chancellor Angela Merkel after talks at the Elysee Palace.

He said the two of them had taken note of the message sent earlier by Greek political parties expressing their desire for Greece to remain in the euro zone.

French President Francois Hollande and German Chancellor Angela Merkel leave after a joint statement at the Elysee Palace in Paris, France, July 6, 2015 following the Greek people's resounding 'No' to a European cash-for-reform deal in a referendum in Greece. REUTERS/Philippe Wojazer
French President Francois Hollande and German Chancellor Angela Merkel leave after a joint statement at the Elysee Palace in Paris, France, July 6, 2015 following the Greek people's resounding 'No' to a European cash-for-reform deal in a referendum in Greece. REUTERS/Philippe Wojazer
French President Francois Hollande (L) welcomes German Chancellor Angela Merkel before talks and a dinner at the Elysee Palace in Paris, France, July 6, 2015. Hollande and Merkel met in Paris on Monday evening following the Greek people's resounding 'No' to a European cash-for-reform deal in a referendum. REUTERS/Philippe Wojazer
French President Francois Hollande (L) waits for the arrival of German Chancellor Angela Merkel at the Elysee Palace in Paris, France, July 6, 2015. Hollande and Merkel met in Paris on Monday evening following the Greek people's resounding 'No' to a European cash-for-reform deal in a referendum. REUTERS/Philippe Wojazer

"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.

"We say very clearly that the door for talks remains open and the meeting of euro zone leaders tomorrow should be understood in this sense. But at the same time we say that the requirements for starting negotiations about a concrete ESM programme are not present at the moment," she said.

The two leaders were due to pursue discussions over dinner.

Read more here: Greece crisis: Taoiseach rules out debt write down for embattled Mediterranean country

Read more here: France tries to keep path open for Greece accord

Reuters

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