Greek debt relief is necessary – French FinMin Sapin

FXStreet (Mumbai) - Speaking on the Europe 1 radio on Friday, the French Finance Minister Michel Sapin repeated debt relief for Greece will be needed if the country is to be put on a sustainable path to recovery.

He added that relief could involve measures such as an extension of maturities, lengthening of the grace period on repayment, or easing of interest rates.

However, he made a stand against any write-off of Greek loans, saying that France as one of the country's creditors wants to make sure it gets its money back.

The debt deal is currently awaiting approval in some of the euro zone's national parliaments, with German lawmakers set to vote on it today.