Merkel: Time Running Out For Greece

Merkel on Greece deal: "There is not much time left."

Merkel on Greece deal:

Merkel on Greece deal: “There is not much time left.”

German Chancellor Angela Merkel has warned that time is running out for a deal to keep Greece in the eurozone. Speaking after the G7 summit in Germany, she said Europe would show solidarity but only if Greece “makes proposals and implements reforms.” Mrs Merkel, who hosted the event, said the Greek crisis had been a central part of discussions. She reiterated her desire for Greece to remain part of the euro zone, but said: “There isn’t much time left. Everyone is working intensively. Every day counts now.” The European Commission is asking for further reforms to Greece’s economy, including tax increases and cuts in civil servants salaries and pensions, before the next €7.2bn tranche of bailout money can be released. But Greece has robustly rejected the proposals. Greek Finance Minister Yanis Varoufakis, on a visit to the German capital Berlin said “it is time to stop pointing fingers at one another and it is time that we do our job, to come to an agreement.” Mrs Merkel is expected to meet Greek Prime Minister Alexis Tsipras on the sidelines of a European Union-Latin America summit in Brussels on Wednesday.

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Chukwunonso Azinge is a Public health parasitologist whose variety of intrests ranges from international news reportage, writing articles on current world issues and of course football. Follow me on Twitter @azingelfc and on Facebook- Nonso 'King Kenny' Azinge.

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