NEWS

Greece must respect ‘every paragraph’ of deal with eurozone

German Chancellor Angela Merkel said on Friday Greece must stick to “every paragraph” of February’s bailout extension deal with the eurozone, though if Prime Minister Alexis Tsipras comes up with equivalent reforms they will be taken into consideration.

“Every paragraph of the agreement counts,” she told a news conference at the end of a European Union summit, adding that the next step to resolving the Greek crisis was for Tsipras to present a list of concrete reforms in the coming days.

Greece could come up with new economic reform proposals on issues like pensions or taxation “as long as they have the same effect” as the existing commitments, she said, adding that this would be for the European institutions to evaluate.[Reuters]