Sarkozy: Greece Should Create Fund To Pay Debt


Salon Staff
February 6, 2012 5:27PM (UTC)

PARIS (AP) — French President Nicolas Sarkozy says France and Germany agree that Greece should place state revenues into a separate fund to pay down its crushing debt and avoid bankruptcy.

Sarkozy has also told a Paris news conference with German Chancellor Angela Merkel that Greece's new leaders must "take their responsibility" and that any new bailout will require taking decisions to reduce debt.

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The comments came after Monday's 14th French-German Council of Ministers, which focused on coordinating the countries' tax policies as well as Europe's debt crisis.

France and Germany have helped underpin a second planned euro130 billion ($171 billion) bailout for Greece to avoid bankruptcy next month. The plan has run into political resistance in Greece over the strict austerity terms involved in the bailout.


Salon Staff

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