09 October 2024,   01:18
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Brussels is waiting for new proposals from Greek authorities

 

Eurozone finance ministers say they expect to hear new proposals from Greece after the country voted to reject the terms of a bailout.

A spokesman for German Chancellor Angela Merkel said there was currently "no basis" for talks on a new bailout and the ball was in Greece"s court.

Mrs Merkel is to meet French President Francois Hollande in Paris on Monday.

Germany"s economy minister has warned that any unconditional debt write-off would destroy the single currency.

"I really hope that the Greek government - if it wants to enter negotiations again - will accept that the other 18 member states of the euro can"t just go along with an unconditional haircut (debt write-off)," said Sigmar Gabriel, who is also Germany"s vice-chancellor.

"How could we then refuse it to other member states? And what would it mean for the eurozone if we"d do it? It would blow the eurozone apart, for sure," he added.

Eurozone finance ministers are to meet on Tuesday followed by a full summit of eurozone leaders. According to a Greek government official, Prime Minister Alexis Tsipras is expected to present fresh proposals at the summit.

 
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