EU tells Greece that time and patience are finished – Reuters

By Paul Taylor and Stephen Brown

BRUSSELS / BERLIN (Reuters) – The leaders of the eurozone told Greece Thursday his left government should implement the agreed reforms to avert an impending illiquidity that could force the country to leave the currency bloc.

Greece was saved from bankruptcy by two international bailouts, but now you risk running out of money within weeks unless it receives more funding.

Greek banks reported higher deposit withdrawals in a month, a sign that savers are concerned about the outlook for finance and institutions.

Greek Prime Minister Alexis Tsipras, requested a meeting with the leaders of Germany, France and major institutions of the European Union in the framework of an EU summit, to advocate that he be allowed to Athens raise funds short term stay afloat.

German Chancellor Angela Merkel, cooled any expectation of an agreement in the evening session, saying that decisions are in the hands of the Eurogroup of finance ministers of the euro area, formed by 19 nations.

“I mean: do not expect a solution, do not expect a major breakthrough. It’s not the right environment, “he told reporters on arrival at the summit.” Decisions are made in the Eurogroup and this is how continue, “he said.

The French president, Francois Hollande, said the message to Tsipras is that everyone should stick to their commitments.

The Eurogroup chairman Jeroen Dijsselbloem told reporters that only “we must take stock of progress made, which appear to be small (…) Time is short. We do not have much time so we really have to get to work. “ Continued …