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Greece Belongs in Eurozone, Must Stay – French PM

© Flickr / Parti socialisteFrench Prime Minister Manuel Valls
French Prime Minister Manuel Valls - Sputnik International
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France is worried by the effect Greece’s possible exit from the Eurozone could have across the globe but believes there is still a chance for a deal with Athens, Prime Minister Manuel Valls said Tuesday.

Greek Prime Minister Alexis Tsipras, left, speaks with European Commission President Jean-Claude Juncker as he arrives for a meeting prior to an EU summit at EU headquarters in Brussels - Sputnik International
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"France is convinced that we can't take the risk of Greece leaving the Eurozone," a move that would affect economies across the globe, Manuel Valls told French radio. "The basis for a deal exists… There is no taboo subject when it comes to (Greek) debt, on the restructuring."

"France will do everything so that Greece remains in the Eurozone because that's where it belongs, at the heart of the European project," he added.

Valls spoke hours before an emergency meeting of Eurozone leaders to discuss the consequences of last week’s referendum in Greece, in which voters decisively rejected austerity reforms demanded by the country’s creditors in return for rescue funds.

Late on Monday, the leaders of Germany and France urged Greek Prime Minister Alexis Tsipras to make "precise" proposals in order to revive bailout talks.

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