German Chancellor Angela Merkel said on Wednesday that Greece should implement far-reaching reforms to outcome it economic problems.

"We agree that the doors for talks will stay open. But of course a situation is needed where far-reaching reforms get tackled in order to achieve sustainable growth," she said.

Merkel lauded Italy's effort to implement economic reforms.

Asked whether there is a disagreement between Germany and France over when to continue debt talks with Greece, she said that there is "no difference in opinion that talks must be conducted at a certain point and that's what counts".