The French unanimous support Greece

29th April 2010

If the political debate in Germany is keen on supporting Greece, no such thing in France. The Socialist Party will vote in the state next week's Budget Act that allows Paris to pay 3.9 billion euros in Athens in 2010. And this Wednesday, the hearing for two hours, the budget minister, Francois Baroin by the Finance Committee of the Assembly took place in a consensual atmosphere. "Everyone agreed it was necessary to go fast. We can not let go of Greece, especially since the effort required of his people is heavy, "recalls Jerome Cahuzac, Chairman of the PS Committee. Alarmed by the weakness of governance of the euro area and lamenting, for some, the absence of a European monetary fund, members hoped that the rescue is accelerating. "Many were disappointed that the summit of heads of state that takes place May 10," said Gilles Carrez, the general rapporteur UMP.What the minister said "it would be even more dangerous to yield to a form of precipitation.

Debate on the interest rate

The only objection was on the interest rate of 5% which Paris ready to Greece three years. The Socialists, Fran?ois Hollande and Henri Emmanuelli it was too high. But Jerome Cahuzac is more nuanced and noted that this rate is the result of a compromise between heads of state.

Still, the French government should actually earn money in the transaction, since borrows around 2.13% at five years. Baroin has been noted that the plan for Greece "is not an expense to the taxpayer! Is this why the consensus in France? "I believe above all that unlike Germany we have a culture of state intervention," said the UMP J?r?me Chartier."It is logical as German citizens, who have made sacrifices to repair their public finances, are more reluctant than the French, who were not virtuous," says the centrist Charles de Courson.

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