Both sides in the increasingly heated debate over the future of Greece in the euro zone have to respect the each other's views to reach an agreement, told French finance minister Michel Sapin.
"First: we have to respect the Greek vote. A new government was chosen. It is not possible to ask this government to do exactly the same thing we asked from the previous government. Second: Greeks need to know that rules exist in Europe, in the relationship with the IMF, with the ECB, with the European Union. We all have to respect each other and there will be room for an agreement."
However, Sapin warned, Greece will have to abide to the conditions of the 240 billion euro ($271 billion) bailout agreement.
"Greeks can't behave as if they arrived in a game where there was no rule. In Europe, there are rules. Greeks have always been part of the IMF; Greeks have been part of the EU almost from the beginning. Greeks say themselves that the ECB is their central bank. So it is in that framework that they have to work."
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.