Greece Must Offer Reforms To Secure Bailout: Germany's Merkel

Greece must agree to economic reforms in order to secure new aid, German Chancellor Angela Merkel said Tuesday as she arrived in Brussels for an emergency summit of eurozone leader, according to news reports. "There is still no basis for negotiations in the [European Stability Mechansim] framework," Merkel said, according to Reuters, referencing the eurozone's permanent bailout facility. "Without solidarity and reforms it's not possible to go where we want to go," Merkel said, according to the report, adding that the negotiations are "not a matter of weeks but of a few days."