In an interview with Mega TV, Hollande said he wanted Greece to remain in the single currency and would argue for the use of European structural funds to help it return to growth. He said Greek voters would decide what they wished for. His comments come just a couple of days before Greeks go to the polls for the second time in two months following inconclusive national elections on May 6.
In a potential sign of concerns that the second round of elections on June 17 will be equally inconclusive Greek citizens have been pulling their cash out of banks and stocking up with food .
Bankers said up to 800 million euros ($1 billion) were leaving major banks daily and retailers said some of the money was being used to buy pasta and canned goods, as fears of returning to the drachma were fanned by opinion polls that suggested Alexi Tsipras, leader of the leftist coalition Syriza may win the election.
Underscoring the scale of crisis in Greece, French bank Credit Agricole is considering walking away from its Greek Emporiki Bank unit and letting it fail if Greece leaves the euro zone, the Wall Street Journal reported on Wednesday, citing a person with direct knowledge of the bank's plans.Page 3 of 4 | Prev Page | Next Page