Merkel Says Onus On New Greek Government On Any Revision To Bailout

MarketWatch Pulse

German Chancellor Angela Merkel put the onus on the new Greek government Monday to present a plan to ease the terms of its international bailout. "I think what counts is what Greece will put on the table" at a Eurogroup meeting on Wednesday "or a few days later," Merkel said during a joint press conference with President Barack Obama. Asked about a defiant speech Sunday by Greek Prime Minister Alexis Tsipras where he indicated he would move ahead with plans to dismantle the existing austerity programs, Merkel said: "We will wait for Greece to come with a sustainable proposal and then we'll talk about this." She added the existing bailout agreements "are the basis of any discussion we have."

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