France's Sapin reaffirms need for Greek debt relief

France's Sapin reaffirms need for Greek debt relief

PARIS (Reuters) – French Finance Minister Michel Sapin reaffirmed Paris' view on Friday that Greece needs debt relief to allow it to obtain its economy back on its feet.

Sapin told Europe 1 radio that relief could involve measures such as an extension of maturities, lengthening of the grace period on repayment, or easing of interest rates.

He ruled out any write-off of Greek loans, saying that as a creditor, France wanted to ensure it received its money back.

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(Reporting by Mark John, editing by Astrid Wendlandt)

Michel Sapindebt relief

Source: “Reuters”

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