Addressing the German Bundestag on Thursday, Chancellor Angela Merkel downplayed hopes for a Greek deal at today’s European Summit or at her meeting with Greek Prime Minister Alexis Tsipras on Monday.

In her speech at the German parliament, Merkel underlined that the European crisis is not yet over and that Greece’s debt problem can only be resolved if the country sticks to its agreements and remains on its “very difficult path”.

With regard to her meeting with the Greek Prime Minister on Monday, the German Chancellor said: “I have invited Alexis Tsipras to Berlin and I’m looking forward to his visit. We will have time to talk to each other in detail and perhaps also to argue.”

Juncker: I can’t rule out the possibility of a Grexit

The president of the European Commission, Jean-Claude Juncker, expressed on Thursday his concerns over the negotiations between Greece and its creditors reiterating his belief that the Greece government should proceed with reforms.

In an interview with French radio station Europe 1, a few hours before the EU summit in Brussels and the seven-way meeting requested by PM Alexis Tsipras, Juncker said that he cannot rule out the possibility of a Grexit.

Specifically, when asked about whether Greece could be forced out of the eurozone, he said: “No. However, a dialogue is underway, hopefully a frank one, between one side’s solidarity and the other’s stability.”

 Schulz: Greek finances are dangerous

European Parliament President Martin Schulz also commented on the Greek crisis on Thursday, warning that the Greece’s finances are “dangerous” and that the country needs two to three billion euros in the immediate future to avoid bankruptcy.

In an interview with Deutschlandfunk radio, Schulz stressed that Greece is running out of time and that the Greek government must show more willingness to cooperate.