Merkel on Greece deal: 'There is not much time left'

German Chancellor Angela Merkel has warned that time is running out for a deal to keep Greece in the eurozone.

Speaking at the G7 summit in Germany, she said Europe would show solidarity, but only if Greece "makes proposals and implements reforms".

Earlier, Greek Finance Minister Yanis Varoufakis said it was time to stop finger-pointing and find an agreement.