Euro zone leaders will tell Greece on Thursday that time and patience are running out for its leftist-led government to implement agreed reforms to avert a looming cash crunch that could force it out of the single currency, Reuters reported. Prime Minister Alexis Tsipras has requested a meeting with the leaders of Germany, France and the main EU institutions on the sidelines of a European Union summit to press for Athens to be allowed to raise short-term funds to keep itself afloat. "I will repeat to him what I've already told him twice: Greece must undertake the necessary reforms, Greece must ensure that the commitments it made to the Eurogroup in 2012 and more recently are followed up on," European Commission President Jean-Claude Juncker told France's Europe 1 radio. German Chancellor Angela Merkel delivered the same message in a speech to parliament ahead of the Brussels talks and a crucial visit by Tsipras to Berlin next Monday, saying the crisis would only be overcome if Greece stuck to agreements. No one should expect a solution at Thursday's late-night Brussels talks or from her meeting with Tsipras next week, at which she said they would have "time to talk to each other in detail and perhaps also to argue". A political meeting of a small group of leaders could not and would not replace the formal agreement Greece concluded on Feb. 20 with Eurogroup finance ministers. "There remains a very tough way ahead," Merkel said. Greece must understand that international aid brought with it an obligation "to reform its budget and work towards one day no longer needing help".
