Greece must remain in the eurozone: French, Greek leaders

Source:Xinhua Published: 2012-8-26 9:46:14


Both French President Francois Hollande and Greek Prime Minister Antonis Samaras said Saturday that Greece must stay in the eurozone.

They affirmed the position when talking to the press after they held talks on the Greece bailout.

"Greece is in the eurozone and Greece must stay in the eurozone, but it still has to demonstrate the credibility of its program and the willingness of its leaders to go the whole way, while doing it in a way that is bearable for the population," said the French leader.

"Greece will manage it, will remain in the eurozone," Samaras said.

Hollande also said Europe must make a decision quickly about Greece's future once a key report is released next month by the troika of the European Commission, European Central Bank and International Monetary Fund.

Samaras came to Paris for talks with Hollande after he met with German Chancellor Angela Merkel Friday in Berlin.

He told Merkel that his country does not want more aid but asked for "time to breathe."

Merkel said she wanted Greece to remain in the eurozone but expected it to stick to the tough bailout terms.

Experts from the troika are scheduled to return to Greece for assessing its implementation of austerity measures and economic reforms.

In exchange for the next 31.5-billion-euro (39.5 billion US dollars) tranche of aid, Greece has pledged to cut its spending by around 11.5 billion euros in the coming two years. But now Samaras reportedly wants to extend the implementation period until 2016.



Posted in: Europe

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