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Monday, July 13, 2015

German Chancellor Merkel on Deal: Greece Must Legislate Reforms by Wednesday July 15-We must be patient

Greece has to legislate in parliament the agreement text by Wednesday before it goes to other European parliaments for voting, said German Chancellor Angela Merkel coming out of a marathon summit of Eurozone leaders.

“Greece must pass the agreement text before the remaining parliaments. Greece must legislate prerequisites until Wednesday July 15… We must be patient… Trust has been shaken recently… We have to go step by step with Greece… Confidence must be restored. Greeks have the responsibility for implementing what is decided. I have great faith in resuming negotiations. I think the pros outweigh the cons,” the German chancellor said on Monday morning after the meeting that started early in the evening on Sunday.

Merkel also said that Greece must take back all laws that were implemented since the beginning of February because they are considered as unilateral actions.

Greece has managed to get a prior agreement on a three-year bailout package worth over 80 billion euros.

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