Merkel says waiting for Greece’s proposal for reforms

German Chancellor Angela Merkel said on Monday that she would wait for Greece to make a sustainable proposal for repaying its debts and other reforms and then discuss what to do next.

“I think what counts is what Greece will put on the table,” Merkel said at a news conference in Washington. European officials have shown little willingness so far to accept a reversal of Greek austerity measures or to extend loans that would buy time for negotiations with Athens. [Reuters]