Saturday, March 6, 2010

If Greece falls, euro is pointless: Sarkozy

France will support Greece following its efforts to reduce its deficit and has no intention of seeing the country fall by the wayside

"If we created the euro, we cannot let a country fall that is in the euro zone. Otherwise, there was no point in creating the euro," Sarkozy said during a meeting with farmers.

"We (must) support Greece because they are making an effort, or else there will be no more euro," he added.

Greek Prime Minister George Papandreou is due in Paris on Sunday to meet Sarkozy as part of a tour of capitals seeking backing for his debt-riddled nation.

He received political support, but no promise of financial aid, at talks in Berlin with Chancellor Angela Merkel on Friday.

French officials have said there is no need for aid at present, but Sarkozy made clear that Paris would be ready to help if Athens faced a budget meltdown.