Daily News

3. French, German leaders meet after Greek no vote

The leaders of France and Germany say the door remains open for Greece to negotiate with creditors, and the country needs to make a serious proposal quickly.

French President Francois Hollande and German Chancellor Angela Merkel met in Paris on Monday after the Greek people voted against austerity measures proposed by the European Union and other creditors.

After the meeting they held a joint news conference.

President Hollande said that the door for dialogue is still open for the Greek government. He added that not much time is left and that it is an emergency situation both for Greece and Europe. He stressed that there is an urgent need for Greece to offer a serious proposal.

Chancellor Merkel said that conditions for resuming talks are not yet present and she is waiting for clear offers from Athens. She indicated that she wants to discuss Greece's new offers at the meeting of eurozone leaders scheduled for Tuesday.

France and Germany are the main economic powers in the euro currency area. The leaders showed unity in negotiations with Greece, but other countries using the euro have different views on how flexible to be in negotiations.

Observers say it remains unclear whether the countries will be able to take a unified stance on Greece.