Merkel: We all share responsibility for the future of the Euro

German Chancellor Merkel:

• Merkel says conditions still not met for starting negotiations on aid programme for Greece
• Says Greek PM to submit loan request and reform proposals on Wednesday, will study if sufficient to open talks
• Expect more detailed Greek proposals on Thursday for new multi-year programme
• Hope have sufficient Greek proposals by Thursday to ask German parliament to approve start of negotiations
• Full 28-nation EU summit called for Sunday to discuss aid to Greece, shows how urgent situation is
• Says we all share responsibility for the future of the euro

Reuters with the headline comments from the most important player on the field

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• Says if Greek reform proposals are satisfactory and prior actions taken, short-term finance can be provided

German Chancellor Merkel speaking with reporters at the conclusion of the Euro summit in Brussels