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    French President Francois Hollande pauses, as he delivers his speech

    Hollande to Hold Ministerial Meeting on Greek Crisis Monday

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    Financial crisis in Greece (197)
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    The Greek crisis will be discussed at an extraordinary meeting of the French Council of Ministers on Monday, after the latest round of talks on Greece’s bailout came to a deadlock this Saturday.

    PARIS (Sputnik) — French President Francois Hollande will hold an extraordinary meeting of the Council of Ministers on Monday to discuss the situation in Greece, the presidential administration said Sunday.

    "The President will hold a restricted meeting on Greece on Monday, June 29 at 9 a.m. [07:00 GMT]," the statement said.

    Earlier on Sunday, French Prime Minister Manuel Valls said a cash-for-reforms deal on Greece was still possible, adding he did not want Grexit, and urged the sides to find a solution.

    On Saturday, the latest round of talks on Greece’s bailout ended with no results. The Eurogroup blamed Greece for breaking off talks as Athens announced a July 5 referendum for voters to decide whether to accept the new bailout deal offered by the lenders.

    Many European finance ministers were "negatively surprised" with the move, but France said it respected Athens’ decision.

    Greek current bailout program expires on Tuesday. The same day, Greece must deliver the next $1.7-billion payment to one of its major creditors, the International Monetary Fund (IMF). If the sides fail to reach a deal, Greece may default and exit the eurozone.

    Financial crisis in Greece (197)


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