Michel Sapin wants to reassure EU partners after the thundering declarations of the new Greek government.
The Europe and its allies have their eyes on Greece, fearing that the country strikes a blow by deciding to leave the euro. Michel Sapin, he is reassuring. The Minister, who is attending the meeting of G20 finance ministers in Istanbul, told the World that he was “convinced that the negotiation [with Greece, Ed] result.” But it can not succeed “only if one has in mind two principles,” recalled during his press conference by François Hollande: “respect the Greek vote” and “respect European rules in the Treaties, which Greece is a party “. An equation that seems currently impossible to resolve, but Michel Sapin finds “margin to operate.”
The finance minister remains cautious about the outbreak in the United States and debates Canada. If he believes that they can be “useful”, it is that the two countries understand that the situation is very different from 2010 when the European Union had to hastily develop an aid plan for Greece while at the brink. “Greece has made enormous efforts,” said Michel Sapin, who tries to economics fiction by calculating that “if it had no debt to pay, it would be in surplus.”
As if it suspected that this flawed argument probably not be sufficient to reassure foreign countries, it also points out that “the euro area has changed,” she is “much stronger and stable in 2010 “and that therefore” it is not to thank you for Greece. ” “The situation in Greece is not a threat to the eurozone,” he insists, recognizing in hints that he must at all costs avoid a departure from the land of the single currency. “The euro zone is going to expand, not shrink, he justified. You must keep the momentum of enlargement by bringing solidarity and support necessary to maintain and strengthen the current eurozone with Greece. ” Is to convince the G20 and European partners including some of which are far from sharing the optimism of Michel Sapin.
No comments:
Post a Comment