ECONOMY

Sapin says committed to Greece in euro

sapin-says-committed-to-greece-in-euro

French Finance Minister Michel Sapin says Europe remains committed to avoiding "catastrophe" for Greece and keeping it in the eurozone.

Sapin said on Frances iTele television Thursday that "the exit of Greece from the eurozone is not desirable, nor envisaged."

Sapin had been pushing for an agreement with Greece before Sunday's referendum, but after a fruitless meeting of European finance ministers Wednesday, he conceded that theres no point negotiating until after the vote.

Sapin said that regardless of what happens Sunday, Frances own economy will be able to bear the outcome, in contrast to the situation five years ago when the Greek debt crisis first exploded. "There are no immediate consequences for France. France is stronger than in 2010."

"We are committed to avoid a catastrophe for Greece and difficulties for Europe and France."

[AP]