France Wants Euro Group Accord on Greece Today, Sapin SaysMark Deen
French Finance Minister Michel Sapin said he wants a euro group agreement today that would provide funds to Greece this week at the very latest.
“I’m going to Brussels with the spirit that an agreement should be achieved this afternoon,” Sapin said at a press conference Monday in Paris. “This will allow bank recapitalization and for the sums due to Greece to be paid.”
Greece is seeking to unlock rescue funds from its euro area creditors under the terms of a July 13 agreement at a meeting of the bloc’s finance ministers today in Brussels. The group remains at loggerheads about whether Greece has done enough to meet its own committments under that accord, on issues ranging from household insolvency to the pricing of generic drugs.
Sapin pressed fellow finance ministers to support Greece, saying he “understands” the country’s position on dealing with involvent households and that its current plans are in line with those of other European countries.
“Greece has made considerable efforts,” Sapin said. “It’s a bit strange that we’re always asking more of Greece.”