Greek Economic Crisis Talks 'Extremely Difficult' - Merkel

© AFP 2022 / JEAN-CHRISTOPHE VERHAEGENGerman Chancellor Angela Merkel (R) arrives for a meeting of European Popular Parties (EPP), on July 12, 2015, in Brussels
German Chancellor Angela Merkel (R) arrives for a meeting of European Popular Parties (EPP), on July 12, 2015, in Brussels - Sputnik International
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German Chancellor Angela Merkel called the situation around the Greek crisis "extremely difficult."

Greek Prime Minister Alexis Tsipras looks at his watch as he delivers a speech during a parliamentary session in Athens, Greece in this June 28, 2015 - Sputnik International
We Can Reach Agreement Tonight If All Parties Really Want It - Tsipras
BRUSSELS (Sputnik) – The situation around the Greek crisis is extremely difficult, German Chancellor Angela Merkel said Sunday.

“The situation is extremely difficult…We have very difficult talks ahead, we won’t agree on just any conditions,” Merkel said ahead of the Euro Summit in Brussels.

Earlier on Sunday, President of the European Council Donald Tusk said that the summit for the eurozone leaders to discuss the Greek economic crisis, scheduled to start at GMT 14:00, will last until the talks are concluded.

Greece's overall debt is estimated at some $350 billion, of which $270 billion is owed to the European Central Bank, the International Monetary Fund and eurozone countries

Greek Prime minister Alexis Tsipras (L), German Chancellor Angela Merkel (2ndL), European Commission President Jean-Claude Juncker (2ndR) and French President Francois Hollande (R) meet at the European Union (EU) headquarters in Brussels on July 7, 2015 - Sputnik International
Germany Approves Temporary Grexit Plan – Reports
On July 5 referendum, more than 61 percent of the Greek voters refused to accept the creditors-proposed bailout plan that stipulated austerity reforms in exchange for new loans. On Thursday, the Greek government submitted its own reforms plan, which includes significant spending cuts, to the creditors.

On Saturday, German media reported, citing a Finance Ministry document, that Berlin saw Athens’ proposals as insufficient and lacking important clauses on modernization and economic growth. The document suggests that Greece may have to temporarily leave the eurozone while still remaining the member of the European Union.

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