'Door For Talks' On Greece Remains Open: Germany's Merkel

The "door for talks" on a bailout program for Greece remains open, but "at the same time we say that the requirements for starting negotiations about a concrete ESM [European Stability Mechanism] program are not present at the moment," German Chancellor Angela Merkel said in a joint news conference with French President Francois Hollande on Monday, news reports said. Hollande said it's up to the Greek government to offer credible proposals, while emphasizing "there is not much time." Merkel and Hollande are meeting a day ahead of an emergency summit of eurozone leaders in Brussels on Tuesday. Greek voters over the weekend overwhelmingly rejected a referendum on bailout terms previously offered by the country's international creditors.