Obama, Merkel say important for Greece to resume reforms

2015-06-28 21:12


Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Washington - US President Barack Obama and German Chancellor Angela Merkel on Sunday agreed that Greece needed to find its way back to a path of reform without exiting the eurozone, the White House said.

In a telephone call about the unfolding crisis, Obama and Merkel "agreed that it was critically important to make every effort to return to a path that will allow Greece to resume reforms and growth within the Eurozone”, the White House said.

Obama and Merkel said their teams of economic advisors were closely monitoring the rapidly changing situation, the statement said.

Months-long bailout talks between Athens and its creditors dramatically broke down on Saturday over the economic reforms demanded by creditors in exchange for more cash needed to keep Greece afloat.

Greek Prime Minister Alexis Tsipras stunned Europe late Friday with a surprise call for a July 5 referendum on the latest cash-for-reforms package and advised voters against backing a deal that he said spelled further "humiliation".

Greece's finance minister and the country's central bank chief were in crisis talks Sunday, weighing drastic banking restrictions to stave off a financial collapse as anxious Greeks emptied cash machines.


Read more on:    angela merkel  |  barack obama  |  germany  |  us  |  greece

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.