Greece commits to intensify reform efforts as debt deadline approaches, German leader says

Greek Prime Minister Alexis Tsipras arrives for the EU-CELAC summit in Brussels on Thursday, June 11, 2015. Greek Prime Minister Alexis Tsipras will continue his diplomatic offensive on Thursday to try to convince European creditors to pay out the bailout loans the country needs to avoid default. (AP Photo/Francois Walschaerts) (The Associated Press)

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Greek Prime Minister Alexis Tsipras looks at his watch as he departs the EU-CELAC summit in Brussels on Thursday, June 11, 2015. Greek Prime Minister Alexis Tsipras continued his diplomatic offensive on Thursday to try to convince European creditors to pay out the bailout loans the country needs to avoid default. (AP Photo/Geert Vanden Wijngaert) (The Associated Press)

German Chancellor Angela Merkel says that Greece has committed to work intensively with international creditors in coming days to resolve outstanding issues holding up its access to vital bailout loans.

The creditors have made clear that Greece must improve its offer of reforms it would introduce in exchange for 7.2 billion euros ($8.1 billion) in bailout loans it needs to repay debts due at the end of the month.

Merkel said Thursday that in overnight talks with Greek Prime Minister Alexis Tsipras a clear consensus emerged that "Greece will now work emphatically and at full steam with the three institutions in coming days to try to clear up all the outstanding issues."

Merkel expressed "hope that the necessary progress can now be made," and underlined that "each day counts."

https://www.foxnews.com/world/greece-commits-to-intensify-reform-efforts-as-debt-deadline-approaches-german-leader-says