The president of France said this weekend Greece must move forward with economic reforms needed to secure a bailout grant from the European Union. President Francois Hollande met with Greek Prime Minister Antonis Samaras in Paris Saturday to hear Samaras' case for more time to pass financial reforms. Hollande instead urged Greece to hurry the process along. "We've been facing this question for 2 1/2 years; there's no time to lose, there are commitments to reaffirm on both sides, decisions to take, and the sooner the better," Hollande said. Britain's The Guardian said Samaras proposed a two-year extension of the time limit for pushing through the reforms demanded by the EU. Hollande's position was in line with the one German Chancellor Angela Merkel took when she met with Samaras Friday. Hollande said a formal EU decision on Samaras' extension request would not come until a report on the situation was issued by the International Monetary Fund next month. In the meantime, Hollande praised Greece for the steps it has already taken and urged solidarity among the EU nations. "For me, the question should no longer be asked: Greece is in the eurozone," he said.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor