Thursday, November 3, 2011

France, Germany And Greece On The Status Of Its Euro-zone Members To Make A Choice

French President Nicolas Sarkozy and German Chancellor Angela Merkel, the evening of 2 G20 summit in Cannes on the eve of the EU as soon as possible to urge the Greek aid agreement. France and Germany urged Greece to its fate in the euro area to make a choice.

Sarkozy and Merkel after talks with Greek Prime Minister George Papandreou held joint conference reporters. Sarkozy said the Greek government has made ​​clear that they only accept the EU overall package, and eliminates the uncertainty of the results of the referendum; the European Union and the International Monetary Fund will provide a new round of aid. He also urged Greece on whether to remain within the euro zone decision.

Merkel also expressed the hope to stay in Greece in the euro area, the restoration of stability of the euro, but she also stressed that the goal of stabilizing the euro is more important.

To help overcome the Greek sovereign debt crisis, the European Union on 27 October through a package of assistance programs, but then suddenly the Greek government rescue plan to push the EU to a referendum. In doing so, Europe was shocked, and triggers global financial market turmoil.

The EU and the euro area as the two "leaders", France and Germany before the G20 summit with the European Union and the International Monetary Fund consultations with the leaders, and an emergency meeting with Greek Prime Minister Papandreou, urged the Greek rescue plan as soon as possible.

Sarkozy's press conference at 2 confirmed, Papandreou told they will be December 4 or 5 at a referendum. Merkel also said that if the Greek people do not want to stay in the euro area, its decision will be respected, but "we will not abandon the euro."

Some analysts believe that the Greek people might overthrow the rescue plan in the referendum, so that the Greek government would solve the debt crisis outlook add another variable. According to the participants revealed that the Group of Twenty summit in Cannes to discuss the Greek debt crisis.

1 comment:

  1. Merkel also said that if do not want to stay in the euro area, the Greek people will be respected, their decisions, but we will not give up euro.the the Greek government to resolve the debt crisis of the prospect of adding another variable.

    Debt Advice

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