Eurozone tells Greece not to expect debt relief in near future
Hopes fade for quick solution to thwart Grexit as Eurogroup finance chiefs show incredulity as new Greek finance minister arrives without detailed proposals
The Greek government has been told by its eurozone partners not to expect debt relief any time soon, amid fading hopes of decisive action to stop the country tumbling out of the currency union.
Arriving at an emergency summit of eurozone leaders, Angela Merkel said there was no clear basis to negotiate with Athens after Greek voters rejected an EU bailout plan in a referendum on Sunday. The German chancellor warned that time was running out. "It is not a matter of weeks anymore, it is a matter of days."
The absence of a concrete proposal by #Greece government doesn't help this evening's #Eurozone leaders' meeting -JM
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