Germany, France and IMF tell Greece make choice on euro or face economic collapse
Nov 3rd, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The leaders of Germany and France made it plain to Greece on Wednesday in Cannes, France, where the G-20 summit of the leading developed and emerging economies begins today, that the country has a choice of supporting the euro or face economic collapse. The International Monetary Fund (IMF) supports the withholding of the first tranche €8bn of the second bailout until after the result of a referendum on euro membership that will be held on Dec 4.