Greek Finance Minister Yanis Varoufakis, left, is greeted by his French counterpart Michel Sapin in Paris on Sunday. (AP Photo)
New Delhi:
France's Socialist government is offering support for Greece's efforts to renegotiate debt for its huge bailout, amid renewed fears about Europe's economic stability.
Greek Finance Minister Yanis Varoufakis is holding talks with European counterparts to push for new conditions on debt to creditors who bailed out Greece to save the shared euro currency. Worries have mounted that Greece's new far left government might not pay back its debts.
Varoufakis met on Sunday in Paris with French Finance Minister Michel Sapin, who said afterward that "France is more than prepared to support Greece" and urged a "new contract between Greece and its partners."
Varoufakis insisted that Greece wants to pay the money back, but said he wants new terms and new negotiating partners, arguing that it's not worth discussing with the so-called "troika" of creditors who set the strict terms for Greece's rescue.
After increasingly heated discussions in recent days, Germany bluntly rejected suggestions that Greece should be forgiven part of its rescue loans.
Track Latest News Live on NDTV.com and get news updates from India and around the world
