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Merkel satisfied from talks with Tsipras, urges Greece to speed up negotiations

Chancellor Angela Merkel has expressed satisfaction about the renewed talks with Greek Prime Minister Alexis Tsipras on Wednesday night in Brussels and urged at the same time to speed up the negotiations between Greece and the creditors.

“The way I understand it, there is a willingness to this cooperation with the three institutions,” Merkel said on Thursday morning in Brussels with a view to the ongoing negotiations on new financial aid for the heavily indebted euro country.

The discussion with Tsipras and French President Francois Hollande has brought absolute unitythat Athens would continue the talks with the three institutions with high pressure.

I hope that this will bring also the necessary progress. Every day counts now,” Merkle concluded her short statement. (source: Reuters)

Merkel, Tsipras and Hollande had a two-hour conversation on the Greek debt problem at the sideline of the EU-Latin American Leaders Summit.

PM Tsipras will hold a face-to-face conversation with EC president Jean-Claude Juncker at 2 pm today.

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One comment

  1. Bloomberg has the story:

    The IMF said that its team negotiating with Greece has left Brussels after failing to make progress on a debt deal that would help the country to avoid default.

    “The ball is very much in Greece’s court,” International Monetary Fund spokesman Gerry Rice told reporters at a media briefing in Washington on Thursday. “There are major differences between us in most key areas. There has been no progress in narrowing these differences recently,” he said.

    The IMF’s decision to withdraw its team comes amid increasingly sharp criticism from creditors at the Greek government’s continued refusal to bow to their demands, risking a default and ultimately an exit from the euro common currency.

    IMF Managing Director Christine Lagarde will attend a meeting of euro-area finance ministers in Luxembourg on June 18, Rice said.

    “As our managing director has said many times, the IMF never leaves the table,” he said.