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France Refuses to See Greece Leave Euro Zone – PM Valls

Pensioners wait in front of the gate of the National Bank of Greece as they wait to withdraw money, with a maximum of 60 euros, in the capital, Athens, July 7, 2015.

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The responses by Valls indicated positive expectations therefore only echoed those particular made previously by French President Francois Hollande.

Valls says: “The eurozone must stay coherent, reliable”.

For much of the Greece crisis, France has emerged as an ally.

In the negotiations, Tsipras hopes to secure liquidity for Greece’s financial system, reduce the impact of austerity, agree on a strong programme for growth, and most importantly restructuring the Greek debt by rescheduling repayments and possibly writing 30% off.

But the German government will also need to be convinced.

Chancellor Angela Merkel’s spokesman, Steffen Seibert, said he “cannot yet evaluate these new Greek proposals in terms of substance”.

The European Commission said it “respects” the result of the referendum.

The eurozone’s top official doesn’t appear to be ready to share his view on Greece’s reform proposals.

The bank said a “Grexit” is too early to call.

The Eurogroup is set to meet in Brussels on Tuesday to discuss Greece.

“Whichever way we go, we have to take a very far-reaching decision tomorrow, so let’s do it carefully”, he said.

Athens also submitted a request for a new bailout to avoid crashing out of the euro. All 28 European Union leaders will examine the plans on Sunday in a make-or-break summit.

“The next hours will be important.. nothing is decided yet, but it will be later, ” he added.

Dutch finance minister Jeroen Dijsselbloem said: “Massive support from the Greek parliament is certainly helpful”.

He said France was not being “indulgent” towards the Greek government but was merely working to keep the country in the eurozone “because it is in our interests”. “The ball lies in the Greek government’s court”.

Greece received two bailout packages in 2010 and 2012, worth a total of €240 billion ($272 billion) from its creditors following its 2009 economic crisis.

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If Greece fails to convince its creditors of a deal by Sunday, it will move one step closer to losing its membership of the euro.

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