Greek Plan Depends on Troika Report, Aid Request, France Says

President Francois Hollande and Chancellor Angela Merkel need the latest report on Greece’s economic situation and a precise aid request before deciding how to help the country, France’s European affairs minister said.

“There’s a process we’re engaged in to evaluate the efforts made by Greece in recent months, which we know was set back by elections,” European Affairs Minister Bernard Cazeneuve said today on Europe 1 radio. “We’ll evaluate the situation and try to take a common position.”

The remarks come as Hollande and Merkel prepare to meet in Berlin on Aug. 23 and Greek Prime Minister Antonis Samaras travels to Berlin and Paris on Aug. 24 and 25 to discuss the state of his nation’s economy and deficit reduction effort.

The so-called troika of the European Central Bank, the European Commission and the International Monetary Fund are preparing a report to assess Greece’s progress.

“It’s important to let the Greeks express their request clearly, to let the Troika report and then to hold discussions between European countries to find the right position,” Cazeneuve said. “We want countries to meet their commitments and we want the European Union to create conditions that will generate growth.”

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Mark Deen at markdeen@bloomberg.net

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