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Hollande calls Greece’s proposal “serious and credible” : Daily Witness

Hollande calls Greece’s proposal “serious and credible”

July 10, 2015 | By | Reply More
Hollande calls Greece’s proposal “serious and credible”

Paris, Jul 10 (EFE) .- French President Francois Hollande voiced his optimism for the Eurogroup to reach an agreement over Greece’s bailout based on the economic program presented by Athens on Thursday, which he called “serious and credible.”

“They (Greece) showed determination to stay in the Eurozone, discussions must resume with the will to settle,” Hollande said, adding that the issue requires “discipline” while still reaching out to a country in need.

The president’s reaction came after the Greek government under Prime Minister Alexis Tsipras sent its European partners a settlement proposal that includes reforms in pension and value added tax (VAT) system and a reduction in the defense budget.

However, Hollande told reporters in Paris that “the coming hours will be important” because nothing had yet been achieved.

Greece’s ruling Syriza party was scheduled to meet early Friday to discuss the reforms and later hold a special parliamentary session to discuss the proposal and authorize Tsipras to negotiate with the creditors.

Hollande, from the camp less critical of Greece compared to other Eurozone countries, pledged France would do everything in its power to reach a proper and reasonable agreement. EFE

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Category: Daily Witness, National

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