France says Greek bailout talks headed in right direction

Staff Writer
Columbus CEO

BRUSSELS (AP) — France's finance minister says talks between Greece and its bailout creditors are going the right way and hopes that Monday's eurozone meeting will see the sides narrow their differences.

Michel Sapin told EU legislators Thursday that "the risk of things running off the rails for Greece also entails that risk for Europe."

He called for a "push toward a compromise" at Monday's gathering of eurozone finance ministers.

Greece and its European creditors have been at an impasse for over three months on what reforms the country should make to get more rescue loans to keep it solvent. A potential Greek debt default could threaten Europe's joint currency and roil the global economy

Sapin said the talks were currently centered on state revenue policies, such as taxation.