FINANCIAL TIMES: France has said Greece should be given more time to meet the terms of its international bailout, in the clearest call yet by a leading eurozone country for an easing of the stringent conditions attached to the €174bn rescue package.
Jean-Marc Ayrault, the prime minister, taking a clear swipe at those in Germany insisting on a hard line against Athens, warned that a Greek exit from the eurozone would be “unmanageable” and could be “the beginning of the end of the European project”.
Speaking in an interview with the French news website Mediapart, Mr Ayrault said: “We can already offer [Greece] more time . . . on the condition that Greece is sincere in its commitment to reform, especially tax reform.”… (more)
EDITOR: At last they are talking sense. Austerity just makes things worse. However, tax reform which generate revenue is an important part of any reform.
