France backs Greek efforts to renegotiate bailout

[webfact]

France backs Greek efforts to renegotiate bailout



PARIS: -- French President François Hollande rounded off a two-day visit to Athens by backing Greece’s request to begin bailout negotiations with its international lenders by the end of 2015.

Greek Prime Minister Alexis Tsipras asked for flexibility in the negotiations.

“Certain people need to understand that Greece has signed a deal that it will adhere to. But, it did not sign a deal to surrender its sovereignty, nor did it agree to the destruction of its social cohesion,” he said.

A bailout review is expected in November, 2015, after which Tsipras hopes to enter into discussions to lighten Greece’s debt burden.

Following talks with Tsipras, Hollande made a speech in the Greek parliament.

“Coming here to Athens is also a salute to the lesson in democracy you have given in the past months. It is that of a people who became masters of their own destiny. It is a nation that faces the circumstances it finds itself under with courage,” he told MPs.

Economic and commercial aspect
Hollande’s Finance Minister and several members of the Cabinet travelled with him. In addition to politics, the trip had an economic and commercial dimension, with France signing deals to invest more in Greece.

Political analyst Giorgos Kapopoulos said the deals were positive for France:
“Investing in Greece may be a long-term shot for foreign organisations. But in the case of France, the difference is that the deal combines business with its geopolitical and political interests.”


-- (c) Copyright Euronews 2015-10-24

[AlexRRR]

Well Greece did not sink into the Mediterranean sea taking half of Europe with it, its still there, one more year and the press will have forgotten about it.

[arfurcrown]

Perhaps the move to renegotiate the Greek bailout terms is a comment on the hidden reality of the French economy.

[AlexRRR]

Perhaps the move to renegotiate the Greek bailout terms is a comment on the hidden reality of the French economy.

The way the media beat up on stuff these days is beginning to bug me bad, they dramatise then play it out as a soap opera till something new comes along, not saying some stuff shouldn't be but I feel there treating there readers as <deleted>, I'm aware and don't get sucked in I know how things work...been alive long enough.