Paris Says Greek Talks Failure would be 'Extremely Serious' for Europe
Failure of talks between Greece and its creditors would have "extremely serious" consequences for Europe, France's finance minister warned Wednesday on the eve of a crucial ministerial meeting to discuss the crisis.
A breakdown in talks would be "very serious for Greece but also extremely serious for the European project," Michel Sapin told lawmakers.
"There are still efforts that need to be made. There are still commitments that need to be made," Sapin said.
The minister spoke ahead of a key meeting of eurozone finance ministers in Luxembourg, seen as one of the last chances to save Greece from possible default.
Talks between Greece and its international creditors to release the last 7.2 billion euro ($8.1 billion) slice of rescue funds from Greece's massive bailout are in deadlock with key deadlines looming.
"The Greek government should make proposals... to show that Greece is prepared to make additional efforts, less strenuous than what was previously asked for," he said.
"We too, who are negotiating with the Greek government, we also need to live up to our responsibilities," the minister said.
"We all need growth, we all need more jobs, Greece as well as the other countries in Europe. We have a common fate... a common interest in finding a deal," he said.
Source: Agence France Presse
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