Greece should be allowed more time to meet deficit targets set by international lenders provided it is sincere about reforming its economy, French Prime Minister Jean-Marc Ayrault said on Sunday.
Near-bankrupt Greece needs the European Union and International Monetary Fund's blessing on spending cuts worth nearly 12 billion euros ($16 billion) to unlock its next tranche of aid, without which it faces default and a potential exit from the euro zone.
"The answer must not be a Greek exit from the euro zone," Ayrault said in an interview with news website Mediapart. "We can already offer it more time...on the condition that Greece is sincere in its commitment to reform, especially fiscal reform."
Read more: French PM supports giving Greece more time on deficit | Reuters
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