Latest update: 04/11/2011 

- debt - eurozone - financial crisis - G20 - Greece


LIVE: Greek crisis dominates G20 Cannes summit

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The Greek debt crisis is topping the agenda at today’s G20 summit in Cannes after Prime Minister George Papandreou announced Thursday that the country would hold a referendum on its bailout package. Follow the day’s events on our live blog.

By FRANCE 24 (video)
FRANCE 24 (text)
 

Overview of the day's events:

- The G20 summit is being largely dominated by the Greek crisis, despite the country not being a member.
- Nicolas Sarkozy has said that Greece will not receive "one cent" if it breaks away from the eurozone via PM Papandreou's planned bailout referendum.
- The Greek prime minister rejected pressure to resign, warning that early elections would lead to an exit from the euro, and instead pledging to negotiate with the opposition conservatives.
-The French president told a press conference that European leaders “cannot accept the explosion” of the euro and welcomed Greece's decision to scrap a referendum on the Oct 27 European bailout.

Date created : 03/11/2011 
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President Sarkozy is

by naso (not verified) - 03/11/2011 - 19:39

President Sarkozy is appreciated by the Greek people and defined as a great leader. The insanity and lack of leadership of Papandreou does not represent the Greek people that are looking towards stability and a European future even at those extreme difficult times that are going through with the extreme austerity.

Beekeeping

by Kenneth Starrs (not verified) - 03/11/2011 - 16:43

Please show documentaries on beekeeping...France/elsewhere.
Do you have any in archives/or coming soon?I live in N.Ireland and I'm a senior citizen.Even a programme on urban beekeeping(paris?) would be interesting

Bail out and opt out of euro, Is this the right time?

by chandrasekhar koralla (not verified) - 03/11/2011 - 15:21

Greek might be in a better position to opt out of the euro. In case Greek prefers to continue to stay within the euro zone, they might increase their debt burden on a continuous basis as things are likely to get dearer in the future.
If opted to stay outside of euro, then the question of currency valuation arises, and taking the current situation of the country they might have to value low of themselves. The other way is support their local currency with euro reserves and keep fingers crossed till their economy props up in a year or so, but they really really got to work tough to see themselves out of all this. this is a very crucial time for them and I hope they make the right decisions to opt out of euro and take effective measures to promote domestic growth.

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