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German Chancellor Angela Merkel says there a 'whole lot left' to be done on Greece bailout

  • In this photo provided by German government Greek Prime Minister Alexis Tsipras, German Chancellor Angela Merkel, and French President Francois Hollande, from left, smile as they pose for a photograph at the beginning of their meeting at the sidelines of the Eastern Partnership summit in Riga, on Thursday, May 21, 2015. (Guido Bergmann/Bundesregierung via AP)

    In this photo provided by German government Greek Prime Minister Alexis Tsipras, German Chancellor Angela Merkel, and French President Francois Hollande, from left, smile as they pose for a photograph at the beginning of their meeting at the sidelines of the Eastern Partnership summit in Riga, on Thursday, May 21, 2015. (Guido Bergmann/Bundesregierung via AP)  (The Associated Press)

  • Greek Prime Minister Alexis Tsipras, right, arrives for a formal dinner at the Eastern Partnership summit in Riga, on Thursday, May 21, 2015. EU leaders on Thursday will seek new ways to bolster ties with six post-communist nations in Eastern Europe, a year and a half after a previous summit of the Eastern Partnership ended with a fateful standoff over Ukraine. (AP Photo/Mindaugas Kulbis)

    Greek Prime Minister Alexis Tsipras, right, arrives for a formal dinner at the Eastern Partnership summit in Riga, on Thursday, May 21, 2015. EU leaders on Thursday will seek new ways to bolster ties with six post-communist nations in Eastern Europe, a year and a half after a previous summit of the Eastern Partnership ended with a fateful standoff over Ukraine. (AP Photo/Mindaugas Kulbis)  (The Associated Press)

  • French President Francois Hollande, right, arrives for a formal dinner at the Eastern Partnership summit in Riga, on Thursday, May 21, 2015. EU leaders on Thursday will seek new ways to bolster ties with six post-communist nations in Eastern Europe, a year and a half after a previous summit of the Eastern Partnership ended with a fateful standoff over Ukraine. (AP Photo/Mindaugas Kulbis)

    French President Francois Hollande, right, arrives for a formal dinner at the Eastern Partnership summit in Riga, on Thursday, May 21, 2015. EU leaders on Thursday will seek new ways to bolster ties with six post-communist nations in Eastern Europe, a year and a half after a previous summit of the Eastern Partnership ended with a fateful standoff over Ukraine. (AP Photo/Mindaugas Kulbis)  (The Associated Press)

German Chancellor Angela Merkel says after talks with her Greek counterpart Alexis Tsipras that there is still "a whole lot left to be done" to avoid a financial meltdown in Athens.

Merkel and French President Francois Hollande spoke for some two hours with Tsipras at the Eastern Partnership summit and the German leader said Friday that "very, very intensive work is still needed."

The three met to pave the way for a special eurozone meeting of finance ministers late this month or early June.

The meeting came a day after a leading official from Tsipras' party said that Greece will not be able to repay a loan to the International Monetary Fund early next month unless a deal is reached with its creditors to unblock bailout funds.