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5/17/12

Germany and France agree: Merkel and Hollande want Greece to stay in euro - by Valentina Pop

France's newly elected president and the German Chancellor on Tuesday (15 May) both said they want Greece to remain in the eurozone, even as coalition talks collapsed over the EU-sponsored bail-out and the country is set to hold new elections in June.

"We want Greece to stay in the euro," Germany's Angela Merkel said in Berlin alongside Francois Hollande. She added that their governments were ready "to study the possibility of additional growth measures in Greece."

Hollande centred his election campaign around the argument that German-driven austerity alone is not the solution for Europe. He vowed to attach a "growth pact" to the Berlin-inspired fiscal treaty enshrining budgetary discipline in national law.

Read more: EUobserver.com / Economic Affairs / Merkel and Hollande want Greece to stay in euro

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