Speaking at a joint news conference, German Chancellor Angela Merkel said she is open to French President Emmanuel Macron's calls to create a Eurozone finance minister and a European Union budget, two reforms the new French leader campaigned to create.
The future of euro currency and the entire EU project looks unsustainable without major change, according to a review by the International Monetary Fund and renowned economists.
Greek lawmakers voted overwhelmingly early Thursday to approve a harsh austerity bill demanded by bailout creditors, despite significant dissent from members of Prime Minister Alexis Tsipras' left-wing party.
After all-night negotiations, Greece and its creditors salvaged a deal Monday that lessens the chance of Athens going bankrupt and needing to exit the 19-nation eurozone currency bloc. But the drama is not over yet.
Marathon talks between Greece and its European creditors ended with a new bailout agreement early Monday, hours after negotiators in Brussels blew through a self-imposed deadline.
The government of Greek Prime Minister Alexis Tsipras submitted a proposal similar to one presented by creditors last month, in a last-ditch effort to keep the country in the euro.
The European Union's parliament approved a significant trade deal with the United States Wednesday.
The eurozone has given Greece until Thursday to present new proposals to secure a deal with creditors, and has called a full EU summit for Sunday.
Greece lurched into uncharted territory and an uncertain future in Europe's common currency Sunday after voters overwhelmingly rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt economy.
Greeks voted on Sunday whether to accept or reject the tough terms of an aid offer to stave off financial collapse, in a referendum that may determine their future in Europe's common currency.