French PM Says ‘No Taboos’ in Greek Solution, Liberation Reports

French Prime Minister Jean-Marc Ayrault said no potential solutions to the Greek debt crisis should be regarded as “taboo” when European heads of state meet on May 23, Liberation reported, citing an interview.

Measures such as allowing states to borrow directly from the European Central Bank should not be excluded from discussions, the new premier said, according to the newspaper.

“A climate of uncertainty” in Europe is driving Greece to a “panic” over banks and contributing to political instability, Liberation quoted Ayrault as saying.

A report from the French state audit board on the status of public accounts should be delivered by June so that President Francois Hollande’s government can plan to offset new expenses with equivalent savings as it seeks to cut the public deficit to zero by the end of his five-year term, Liberation said.

To contact the reporter on this story: Heather Smith in Paris at hsmith26@bloomberg.net

To contact the editor responsible for this story: Mike Harrison at mharrison5@bloomberg.net

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