Economy World

Crisis / EU: aid to Greece suspended a referendum (Sarkozy)

European countries and the IMF will freeze the payment of the sixth tranche of aid to Greece as the referendum results announced by the Greek government are not known, said  French President Nicolas Sarkozy after a meeting on Greece, which took place in Cannes on Thursday.

“We are ready to help Greece, because solidarity is the basis of Europe. However, we can not engage the European taxpayers’ money (…) that from the moment a number of rules were passed unanimously (…) are met, “said Nicolas Sarkozy during a press conference after the meeting.

“If these rules are not respected, nor Europe, nor the IMF can not pay a penny” in Athens, warned the head of the French state.

“It is clear that the question that is posed is that of the European future of Greece: does Greece want to stay in the euro zone, yes or no?”,” said Nicolas Sarkozy.

French President and German Chancellor informed the Greek Prime Minister George Papandreou, convened in Cannes on the eve of the G20 summit to explain his proposed referendum on the plan adopted on October 27 that has caused consternation in Europe and inflamed markets.

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS