Greece Abandoning Bailout Terms Would Be Seen as Breakaway From Euro -Hollande
06/13/2012| 02:28pm US/Eastern
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French President Francois Hollande said Wednesday that if Greece abandons the euro-zone bailout memorandum, it will be seen as a "breakaway" by other member countries.
Speaking in an interview on Greek television, Mr. Hollande voiced his support for Greece remaining in the euro, but said that there must be "trust" in the relationship between Greece and the rest of the euro zone.
"We will have growth measures [in the euro zone] which will have effects for Greece, if Greece decides to stay in the euro zone and respect its commitments," said Mr. Hollande.
The French president also underlined the need to ensure bank financing, given the current situation, speaking a few days after Spain secured a EUR100 billion bank-rescue plan.
Greece on Sunday will hold elections which are being viewed by many as a de facto referendum on Greece's future with the euro zone.
Write to Nadya Masidlover at nadya.masidlover@dowjones.com
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