Merkel's spokesman on the wires

  • Greek MOU is a "remarkable result"
  • goes in right direction
  • too early to make a full assessment

Greek Memorandum of Understanding getting the thumbs up

  • important that IMF stays fully involved on Greece
  • Merkel and Tsipras spoke on phone this week and "exchanged arguments"
  • Germany wants Greece to have a good future in the Eurozone

Elsewhere earlier EU official said they expect Greek GDP to shrink 2.3% this year and 1.3% in 2016

  • Greek asset-sale programme to generate €6.5bln