Thursday, November 3, 2011

Sarkozy and Merkel are threatening to suspend aid to Greece


Nicolas Sarkozy and Angela Merkel threatened Wednesday to Greece'une suspension of EU aid if Athens did not agree to implement all aspects of the agreement in Brussels last Thursday on a bailout of this country.
"We can not engage the European taxpayers' money (...) that from the moment a number of rules (...) are met," said the French president during a joint press conference with German Chancellor.
Nicolas Sarkozy and Angela Merkel said, after a meeting with George Papandreou, a new tranche of aid would be paid in Athens when Greece had agreed to implement all aspects of compromise in Brussels and when any uncertainty about the referendum announced by the Greek Prime Minister on this agreement have been waived.
Nicolas Sarkozy said that France and Germany wanted a "definitive answer" and "accelerated" the crisis of the Greek debt, through an application of this compromise.
According to the French president, George Papandreou said that the referendum could be held "around 4 or 5 December."
The question will then be on the membership of Greece to the euro, said Nicolas Sarkozy.
(Source: Reuters)

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