Merkel has just been speaking about the Greece crisis at the 70th anniversary conference of her CDU party. She didn't detour from the script:
"If the euro fails, Europe fails," Merkel said.
"We could say, let's give up, but I say that in the medium and long-term that will damage us, and we will no longer be a relevant factor in the world. We must fight for the readiness to compromise and for the basic values of Europe.
"Europe can get through the crisis we're experiencing with Greece today thanks to the work we've done in the past years
"We want Europe to come out of this crisis stronger than it went in, not only economically, but also in terms of the values for which we stand in the world. Solidarity and individual effort are the basis of the collective goal we're all working towards."
12.28 - This just in from French news agency AFP: German Chancellor Angela Merkel is still prepared to hold talks with Greek Prime Minister Alexis Tsipras despite the breakdown in debt negotiations at the weekend, her spokesman said on Monday.
"Of course she is still willing to speak to Prime Minister Tsipras if he would like to," the spokesman, Steffen Seibert, told reporters.
Finance Minister Wolfgang Schaeuble was also still open to talks with his Greek counterpart, Yanis Varoufakis, a finance ministry spokesman added at the same news conference.
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