(SOUNDBITE) (German) GERMAN CHANCELLOR ANGELA MERKEL, SAYING: “We respect the decision of the referendum as a vote of a sovereign democratic state. And now we have to deal with that decision.” (SOUNDBITE) (German) GERMAN CHANCELLOR ANGELA MERKEL, SAYING: “Time is of the essence and we insist that Greek proposals must be on table this week, so we can deal with the situation the way it is at the moment.” (SOUNDBITE) (German) GERMAN CHANCELLOR ANGELA MERKEL, SAYING: “Europe can only hold together and stand together - which is very important in the times of migration challenges, terrorism challenges - if each country takes responsibility for itself.” (SOUNDBITE) (French) FRENCH PRESIDENT FRANCOIS HOLLANDE SAYING: “Ladies and Gentlemen. Together with Angela Merkel, we agreed to meet following the Greek referendum. And I must thank Angela for having come to Paris today. We have noted the result and we respect the way the Greeks voted. Because Europe is about democracy. We have heard the message from all the Greek democratic parties that gathered today and which reaffirmed their desire to see their country stay in the euro. The door is now open for discussions. And it is now up to the government of Alexis Tsipras to make proposals. Serious and credible ones, so that this desire of the Greek people to remain in the eurozone can be translated into reality. Through a programme that is durable. Because Greece needs time with stable rules in the eurozone. The same holds true for the eurozone. We now have a eurozone summit on Tuesday and it will be up to the heads of state and government to define a position based on the proposals that have been made by Greece. But I must insist on the fact that there is urgency. Urgency for Greece and urgency for Europe. It’s a question of visibility, of credibility and I would even say of dignity.