Merkel Says EU Expects Greek Government's Detailed Proposals by Thursday

Merkel Says EU Expects Greek Government's Detailed Proposals by Thursday

German Chancellor Angela Merkel said on Tuesday she hopes to receive from Greece adequate proposals for promoting reforms until Thursday, so that she can ask the German parliament to approve the restart of negotiations on a new, long-term support program of the Greek economy. 
She said Greece needs a new programme through the ESM, noting that only a few days of discussions remain to decide on what needs to be done. 
Merkel stressed that she respects the result of the Greek referendum but reminded that there are another 18 member-states in the Eurozone. 
Commenting on the ongoing negotiations, the German Chancellor said they expect the Greek government to submit detailed proposals by Thursday with reforms which will accompany the disbursements from the ESM. She said the proposals will allow the restart of the negotiations with the institutions for the new bailout programme. These proposals, she also said, will have to include more commitments than Greece’s second programme which was never completed. 
Earlier, Italian Prime Minister Matteo Renzi announced that a new summit meeting is planned for July 12 (Sunday), while he expressed hope that this will be the last meeting of leaders on Greece.
Commenting after the summit meeting, Renzi said he hopes for a “happy end”. 
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