German Chancellor Merkel:

  • Merkel says conditions still not met for starting negotiations on aid programme for Greece
  • Says Greek PM to submit loan request and reform proposals on Wednesday, will study if sufficient to open talks
  • Expect more detailed Greek proposals on Thursday for new multi-year programme
  • Hope have sufficient Greek proposals by Thursday to ask German parliament to approve start of negotiations
  • Full 28-nation EU summit called for Sunday to discuss aid to Greece, shows how urgent situation is
  • Says we all share responsibility for the future of the euro

Reuters with the headline comments from the most important player on the field

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  • Says if Greek reform proposals are satisfactory and prior actions taken, short-term finance can be provided

German Chancellor Merkel speaking with reporters at the conclusion of the Euro summit in Brussels