Comprehensive deal with Greece needed now: Hollande

A comprehensive deal with Greece allowing it to remain in the euro zone and live with its debts must be found either at a euro zone summit on Monday or in coming days, French President Francois Hollande said.

PARIS: A comprehensive deal with Greece allowing it to remain in the euro zone and live with its debts must be found either at a euro zone summit on Monday or in coming days, French President Francois Hollande said.

"If we get a deal tonight, that would be better, but if not, we`ll need to set the foundation tonight so that a deal can be reached in coming days," Hollande told reporters in Paris before he was due to travel to Brussels for the summit.

"A good deal is a deal that sorts out Greece`s budget issues but also provides Greece with the necessary financing and opens up a discussion about Greece`s debt for the coming months," he added.

The European Union earlier welcomed new proposals from Greek Prime Minister Alexis Tsipras as a "good basis for progress" at Monday`s talks.

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