Skip to content
Subscriber Only

France Hails Greek Aid Proposals as Germany Reserves Judgment

Video player cover image

Greece’s 11th-hour Dash to Remain in the Euro

Updated on

France praised a package of measures proposed by Greece in return for a 53.5 billion-euro ($59.4 billion) bailout as the German government withheld judgment, saying it will wait for creditors to make a first assessment.

The responses allow the package of spending cuts, pension savings and tax increases to go to the next stage after it was submitted to creditor institutions late on Thursday. Euro-area officials will examine the proposals in Brussels on Friday, while the Greek parliament takes it up later the same day.