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Merkel urges Greece to act quickly to submit new proposal

Tuesday, July 07, 2015 - 02:04

German Chancellor Angela Merkel tells Greece the door to talks is still open but urged Athens to act quickly to submit a new proposal. Deborah Gembara reports.

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A day after Greece rejected the terms of a massive bailout, the country's fate dominated high-level meetings in Paris. German Chancellor Angela Merkel began by acknowledging the weekend's 'no' vote from Greece. (SOUNDBITE) (German) GERMAN CHANCELLOR, ANGELA MERKEL, SAYING: "We respect the decision of this referendum. It's the vote of a democratic and sovereign country and now we have to live with this decision. The question is what the attitude of the other 18 countries of the euro zone will be to this vote and to know what solutions we will find." The German leader went on to say that the door to talks remains open but urged Athens to act quickly. (SOUNDBITE) (German) GERMAN CHANCELLOR ANGELA MERKEL, SAYING: "Time is of the essence and we insist that Greek proposals must be on table this week, so we can deal with the situation the way it is at the moment." French President Francois Hollande echoed similar sentiments, adding that the ball was now in Greece's court. (SOUNDBITE) (French) FRENCH PRESIDENT, FRANCOIS HOLLANDE, SAYING: "It's up to the government of Alexis Tsipras to make serious, credible proposals so that that desire to stay in the euro zone can be realized." Hollande and Merkel have requested euro zone leaders hold an emergency meeting in Brussels on Tuesday. And Greece while defiant about austerity measures over the weekend, appeared to be taking conciliatory steps on Monday --- namely demanding the resignation of Finance Minister Yanis Varoufakis, a known critic of the original bailout. By late afternoon, a new minister, Euclid Tsakalotos Was Being Sworn In. Many believe a deal saving Greece from economic ruin, if possible, could take weeks.

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Merkel urges Greece to act quickly to submit new proposal

Tuesday, July 07, 2015 - 02:04