- they will not exit the euro
Confident/arrogant call from the French fin min
- Greek crisis requires Franco-German deal. can not play one off against the other
- reasonable for Greece to ask for time as long as they have a reform plan that will be gradually strengthened
- there will be no haircut on Greek debt
- must make commitments to get ECB liquidity for its banks
Sapin – confident that there will be no Grexit
