Greece there’s no alternative to dealing with creditors as it seeks to unlock bailout funds.
“We need to have the strongest and most complete agreement possible now to secure and facilitate talks for the next deadlines,” Hollande told reporters in Riga later on Friday. “Therefore Greece must give the most information it can on its reforms. Tsipras is working on that.”
Without an agreement, Greece risks a default that would put in question its future in the 19-nation euro region.
Greek bonds fell, with yields on two-year notes rising 44basis points to 73 percent . Greek shares were little changed, with thebenchmark Athens Stock Exchange gaining 0.1 percent.
A short statement released separately by the French and German governments after more than two hours of talks with Tsipras was devoid of earlier optimism . The two biggest euro-area economies offered to provide assistance to Greece and Tsipras whenever questions come up, but the accord must be reached with the three institutions and very, very intensive work has to be done.
If Greece left the euro the currency is in a“much, much better” situation to weather such a step than someyears ago, Warren Buffett says in Euro-am-Sonntag interviewSaturday.
* “It’s very difficult to predict the exact impact if a possible exit. I think however that the euro could become stronger:” Buffett cited by Euro
* Chances are big that euro will still be currency in 5 or 10 yrs:
Euro has been a mistake, exit of Greece fromthe currency is just a matter of time, former Federal ReserveChairman Alan Greenspan tells Het Financieele Dagblad in
* “The sooner Greece leaves the euro, the better it is for everyone”
* Greece exit not expected to lead to breakup of monetary union
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