Europe

Home page

Europe

France PM rejects â€˜Grexitâ€™ as MPs vote for bailout deal with Athens

15 July 2015 21:09 (UTC +04:00)

Baku-APA. France’s prime minister categorically dismisses the idea of a potential Greek exit from the eurozone, as the country’s lawmakers overwhelmingly voted in favor of a planned bailout deal between Athens and creditors, APA reports.

“There can be no ‘Grexit’, nor ‘temporary Grexit’ -- an old, absurd and dangerous idea,” Manuel Valls told French legislator on Wednesday in a thunderous speech.

At the legislature, National Assembly, the lower house, and Senate, the upper house, took turns to overwhelmingly throw their weights behind the potential bailout agreement.

Some of the 19 eurozone countries must approve the agreement through their parliaments before it goes ahead.

On Monday, Valls’ Greek counterpart Alexis Tsipras agreed to the deal, under which Athens must get its parliament to approve harsh austerity measures in return for the start of negotiations on a third bailout of about EUR 85 billion (USD 93 billion).