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German, French Finance Minister Push for Greek Solution in November

French Finance Minister Pierre Moscovici

France and Germany will strive over the next four weeks to stop Greece from unsettling markets as officials work to put the country’s faltering bailout plan back on the rails, French Finance Minister Pierre Moscovici said.
Moscovici made his comments at a joint press conference in Berlin today with his German counterpart, Wolfgang Schaeuble, as their deputies entered a second day of negotiations in Brussels to lay the groundwork for a Greece-related conference call tomorrow. The working group “is making good progress step by step in the difficult question of Greece,” Schaeuble said.
“I just want to underline that we continue to seek a comprehensive solution during the month of November, to end the uncertainty,” Moscovici said. “And we will marshal all of our forces for that.” Germany and France are equally determined “that Greece stays in the euro zone, and that Greece makes the necessary efforts to ensure the integrity of the euro zone.”
Euro-area finance chiefs are readying for talks next month as the 17-nation bloc grapples over ways to fill Greece’s financing gap and ease investor concerns that it might have to exit from the euro. They are due to hold a conference call at 12:30 p.m. tomorrow, then a Nov. 12 meeting in Brussels, with a possible special gathering slated for Nov. 8.
(source: bloomberg)

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