Sunday, February 1, 2015

France provides Greeks assistance in negotiations – THE WORLD

France provides Greeks assistance in negotiations – THE WORLD

The socialist government of France is backing efforts of Greece’s debt under the massive rescue agreement to renegotiate. His country would not speak out in favor of deleting Greece’s debt, the French Finance Minister Michel Sapin said after a meeting with his Greek counterpart Giani Varoufakis in Paris. He expressed support for a new time frame or new conditions.

Varoufakis travels next to Paris, London and Rome to Berlin and Frankfurt. This is a sign that the new Greek government wants to avoid a collision course with major creditors. The federal government has shown particularly upset about the attitude of the new leadership in Athens. Finally, the concerns have increased, Greece could possibly unable to repay its debt.

  • bailouts
  • debt
  • terms
  • extension
  • Additional Help
  • bankruptcy risk

Greece had 2010 after years of the boom thanks to low interest rates upon entry into the euro group on the edge of ruin stood. In exchange for multibillion dollar bailout fund of the European Union and the IMF, the country had to drive an austerity plan and implement reforms. The Syriza of the new Greek Prime Minister Alexis Tsipras had announced before the election to make many of these measures reversed.

Varoufakis told that Greece would repay its debts , But he aspire to new conditions and new negotiating partner. It should be “it is not worth it,” the so-called troika of lenders – the European Commission, the European Central Bank and the International Monetary Fund – to discuss. They had set strict conditions for the bailout of Greece.

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