Greece debt crisis Merkel says talks 'extremely difficult'

  • Published:
Germany's Chancellor Angela Merkel play

Germany's Chancellor Angela Merkel

Greece risks being ejected from the eurozone if a deal to rescue it from financial collapse is not reached.

24/7 Live - Subscribe to the Pulse Newsletter!

Germany's Chancellor Angela Merkel has called the talks on Greece's debt rescue "extremely difficult" and ruled out "agreement at any price".

She was speaking as she arrived in Brussels for a meeting of the other 18 eurozone leaders to discuss the deal.

They are considering proposals by eurozone finance ministers which would impose tough conditions on Athens.

Greece risks being ejected from the eurozone if a deal to rescue it from financial collapse is not reached.

Finnish Finance Minister Alex Stubb said one condition in the ministers' proposal requires Greece to implement new laws by Wednesday.

Greece will also be required to introduce tough conditions on labour reform, VAT and taxes, and tough measures on privatisation and privatisation funds, Mr Stubb told reporters.

The head of the Eurogroup of finance ministers, Jeroen Dijsselbloem, said a "couple of big issues" remain which would be left to the heads of government to rule on, though he did not give details.

Mrs Merkel told reporters that the eurozone leaders would be considering whether "the conditions are met" to start negotiations on a third bailout.

"That's what is at stake, nothing more and nothing less," she said.

But she warned that there would be "no agreement at any price", adding: "We have to make sure the pros outweigh the cons - for Greece's future, for the entire eurozone and the principles of our collaboration."

Mr Tsipras was more upbeat, telling reporters: "I'm here ready for an honest compromise... we can reach an agreement tonight if all parties want it."

Source: BBC

Download our mobile app today.

Android - Google Play Store

iPhone - Apple App Store

Recommended Articles

Recommended Videos




Top Articles

1 Election 2016 Weapons allegedly seized from an NDC sympathiserbullet
2 Fraud Alert Fake US Embassy in Ghana shut down after a decade of...bullet
3 Kwabena Boadu One week of demise commemorated [Photos]bullet
4 His Excellency Top 10 John Mahama quotes that will shock youbullet
5 Election 2016 Rastas in Ghana preach peace ahead of presidential...bullet
6 Gambia Decides Gambia's new leaders push for political...bullet
7 Judgement debt Supreme Court puts on hold Amidu's oral...bullet
8 Pulse Live Daily EC extends special voting exercise by a daybullet
9 Watch Water leaks from hole in wall at new Kwame Nkrumah...bullet
10 Obinim "Police prevented me from facing Obinim" -...bullet

Top Videos

1 Kwame Nkrumah Interchange Water leaks from hole in wall at new Kwame...bullet
2 Watch Kumchacha delivers Counselor Lutterodt from 'demons'bullet
3 Elections 2016 Nana Addo holds conference in Kumasi ahead of Dec 7...bullet
4 Woyome Judgement Debt Kweku Baako dances over Amidu's winbullet
5 Obinim Pastor charged with assault; sent to CID Headquartersbullet
6 Obinim saga We had sex only once - Obinim victims confessbullet
7 Meet Aisha the female mate who aspires to be a driverbullet
8 #PulseElection UNDP ready to assist EC in election 2016bullet
9 Marine Drive Project Time's up, but residents refuse to...bullet
10 Obinim flogs pregnant girl and her boyfriend in churchbullet

News