Hollande: Greek deal is important for Europe
French President Francois Hollande has hailed the agreement reached by Eurozone leaders on Greece after marathon talks as a good deal for Greece and its European partners and creditors.
Hollande told reporters that, "Even if it was long, I think for Europe this was a good night, and a good day."
The French president, who had dispatched government functionaries to help Greece write reform proposals that would satisfy a more sceptical Germany, says one of the objectives of the emergency summit was to restore hope for the Greek people.
He says Greece hadn't been looking for "welfare" from other European countries, but for a program that would help its economy grow.
Greek Prime Minister Alexis Tsipras says the country's new bailout program should persuade markets that a Greek exit from the euro "is an issue of the past."
That, he said, would lead to investments returning to Greece and balancing out the recessionary measures that the deal includes.
Tsipras says, "The decision today keeps Greece in conditions of financial stability, it gives the possibility of recovery. At the same time though, we knew from before, that it would be an agreement whose implementation is difficult."
Hollande says that to allow Greece to exit from the 19-nation Eurozone would have been to lose a country that is "at the heart of our civilization." He adds that failure to reach an agreement would have undermined the credibility of efforts to construct a more united Europe.
To find out more about how these changes could affect your pension if you’re an expat, speak to one of our trained financial advisers at deVere Group France, just click here.
French President Francois Hollande has hailed the agreement reached by Eurozone leaders on Greece after marathon talks as a good deal for Greece and its European partners and creditors.
Hollande told reporters that, "Even if it was long, I think for Europe this was a good night, and a good day."
The French president, who had dispatched government functionaries to help Greece write reform proposals that would satisfy a more sceptical Germany, says one of the objectives of the emergency summit was to restore hope for the Greek people.
He says Greece hadn't been looking for "welfare" from other European countries, but for a program that would help its economy grow.
Greek Prime Minister Alexis Tsipras says the country's new bailout program should persuade markets that a Greek exit from the euro "is an issue of the past."
That, he said, would lead to investments returning to Greece and balancing out the recessionary measures that the deal includes.
Tsipras says, "The decision today keeps Greece in conditions of financial stability, it gives the possibility of recovery. At the same time though, we knew from before, that it would be an agreement whose implementation is difficult."
Hollande says that to allow Greece to exit from the 19-nation Eurozone would have been to lose a country that is "at the heart of our civilization." He adds that failure to reach an agreement would have undermined the credibility of efforts to construct a more united Europe.
To find out more about how these changes could affect your pension if you’re an expat, speak to one of our trained financial advisers at deVere Group France, just click here.