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GreekReporter.comGreeceMerkel-Sarkozy Agreed On A New Aid Program To Greece

Merkel-Sarkozy Agreed On A New Aid Program To Greece

Germany and France share the same position on the Greek problem, German Chancellor Angela Merkel and French President Nicolas Sarkozy said on Friday.
They agreed that the second rescue package to Greece would include “fully voluntary” support by private investors in Greek debt, and that they would seek the European Central Bank΄s consent on the structure of a new package.
A new rescue package for Greece is necessary, said German Chancellor after his meeting with President of France, while stressed that Greece should assume its responsibilities.
Merkel stressed that Europe must support the effort of the Greek Prime Minister. “We will do everything to protect the stability of the euro”.
Regarding the proposed participation of private creditors in resolving the Greek crisis, Merkel noted that she doesn’t intend to opposed against the ECB, pointing out that she favours voluntary participation of private investors.
Nicolas Sarkozy said that France and Germany have agreed on the Greek issue and committed to defend the euro.
He reiterated that Greece need a new rescue program and stressed that the Greek government should continue the implementation of reforms.
(source: capital)

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