Germany, France demand ‘serious’ proposals from Greece after ‘No’ vote Euro leaders expect Tsipras to make concessions

Eurozone leaders to hold emergency summit on Greece

Eurozone leaders will hold an emergency summit in Brussels Tuesday to discuss the fallout from Greek voters’ defiant “No” to further austerity measures, with the country’s Prime Minister Alexis Tsipras set to unveil new proposals for talks.

As the country’s economy gasps for air, with banks closed until at least Thursday on fears cash machines are running dry, Germany and France presented a united front, calling on Tsipras to make “precise” proposals in a bid to revive bailout talks. “The door is open to discussions,” said French President Francois Hollande Monday after crisis talks in Paris with German Chancellor Angela Merkel. (Eubusiness)

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