still no basis for talks on new greek bailout
Last Updated : GMT 00:02:43
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German Chancellor Angela Merkel:

Still no basis for talks on new Greek bailout

Arab Today, arab today

Arab Today, arab today Still no basis for talks on new Greek bailout

German Chancellor Angela Merkel
Brussels - Arab Today

German Chancellor Angela Merkel said Tuesday that there was still no basis for talks on a new Greek bailout, as she arrived in Brussels for an emergency summit of eurozone leaders.

"We still do not have the basis for negotiations" for a new aid programme with the EU's bailout vehicle, the European Stability Mechanism, she told reporters ahead of the summit called in the wake of Greece's 'No' vote in a referendum on austerity.

Merkel said they would discuss how to go on, but "we will not be able to get a final picture. Though I have to say that it is not a question of weeks any more, but a question of a few days".

Merkel sat down for talks with Greek Prime Minister Alexis Tsipras, French President Francois Hollande and European Commission head Jean-Claude Juncker ahead of the wider summit of 19 eurozone leaders, which was due to begin at 1630 GMT.

Merkel and Hollande presented a united front when they met in Paris on the eve of the make-or-break summit, urging Tsipras to make "precise" proposals in order to restart talks.

Greece is set to make a formal request for a new bailout programme as early as Wednesday, Eurogroup chief Jeroen Dijsselbloem said after a meeting of eurozone finance ministers earlier on Tuesday.

A Greek government source also said that a new pitch would be made over the next 48 hours, and that Athens has made improvements to the proposals for a bailout deal made to its creditors last week.
Source: AFP

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