German Government Sees No Basis for Restarting Greece Talks
Greek, German Governments Need to Compromise: Orphanides
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German Chancellor Angela Merkel’s government refused to give ground on Greek aid after Sunday’s referendum went against it, saying that Greece must now present a plan on how to stay in the euro area.
In his most detailed response to Greece’s rejection in a referendum of creditors’ terms, Merkel’s chief spokesman, Steffen Seibert, damped any expectations of a rapid resolution to the standoff, saying the conditions for bailout talks to restart were not yet in place. A deal within 48 hours, as Prime Minister Alexis Tsipras’s government suggested would happen, will be “difficult to achieve,” Seibert said.